AN EXAMINATION OF THE FACTORS THAT DETERMINE THE PROFITABILITY OF THE NIGERIAN BEER BREWERY FIRMS
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 7
Abstract
This paper examines the internal factors that determine the profitability of the beer brewery firms in Nigeria. An OLS in the form of multiple regressions were applied to annual data generated from the annual statements and accounts of the sampled beer brewery firms covering a period of 2000 to 2011. The correlation and regression results identified the ratios of inventory to cost of goods sold; account receivables to sales; and sales and general administrative expenses to sales to have statistically significant impact on gross profit margin. The paper concludes that the above identified independent variables are the internal factors that determine the profitability of beer brewery firms in Nigeria.
Authors and Affiliations
Okwo Ifeoma Mary| Department of Accountancy, Enugu State University of Science and Technology, Enugu State, Nigeria., Ugwunta David Okelue| Department of Banking and Finance, Renaissance University Ugbawka, Enugu State, Nigeria., Agu Sylvia Uchenna| Department of Public Administration and Local Government,University of Nigeria, Nsukka.Enugu State, Nigeria.
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