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The study examined the effect of working capital management and financial performance of manufacturing Firm in Southeast Nigeria. The study adopts short term investments and account payables as the independent variable while turnover serve as dependent variable. The study used an ex-post facto research approach as its methodology. Secondary source of data was adopted for the study. The data was obtained from audited annual financial account and reporting of the manufacturing firm listed in the Nigeria Stock Exchange LTD. The data were analysed using Pearson's correlation coefficient. Short-term investment has a weak (28%) positive relationship with financial performance (proxied by turnover). While Account Payables have a moderately strong (58%) positive relationship with financial performance (proxied by turnover) of quoted industrial goods firms in Nigeria. We concluded that working capital management has significant positive effect on the financial performance of manufacturing firm in Southeast Nigeria. We recommended that, the manufacturing firm in sought east Nigeria should endeavour to effectively manage their working capital very well since it has significant positive effect on the financial performance of the firm.

The study examined the Effect of Current Asset Management on the Financial Performance of Manufacturing Firm Southeast Nigeria. The liquid assets variables studied comprises Account Receivables (AR), and Short-Term Investment (STI) while the Operational Performance variable studied is Turnover (TNV). Secondary data were sourced from the annual reports of the firms under review. Two Hypotheses were estimated with the use of Random Effect Panel Multi Regression Analyses. The findings of the study show that: Short Term Investment (STI) have positive and significant relationship on the Turnover (TNV) of the industrial goods sectors in Nigeria and have a moderate and very weak positive on consumer goods sector while Account Receivables (AR) has a weak positive relationship on turnover of the consumer goods sector has a moderate positive relationship on the performance of industrial and consumer goods sector in Nigeria. This implies that organization without adequate liquid asset is bound to suffer set back (difficult to meet short term obligation). Based on the findings of the study, the researcher concludes that a well-managed, account receivables will lead to improvement of operational performance in Industrial goods sectors, while in the consumer goods sector among the explanatory variables can predict operational performance effectively. The researcher recommend that management should put more attention on their current assets management in order to maintain an adequate performance in the sectors.

This study assessed the relationship between liquid assets and operational performance of industrial and consumer goods sectors in Nigeria. The liquid assets variables studied comprises: Inventory (INV), Cash\Bank Balances (CBB) while the Operational Performance variable studied is Turnover (TNV). Secondary data were sourced from the annual reports of the firms under review. Five Hypotheses were estimated with the use of Random Effect Panel Multi Regression Analyses. The findings of the study show that: Inventory (INV) have positive and significant relationship on the Turnover (TNV) of the industrial goods sectors in Nigeria and have a moderate and very weak positive on consumer goods sector similarly, Cash\Bank Balances (CBB) has a weak positive relationship on turnover of the consumer goods sector. This implies that organization without adequate liquid asset is bound to suffer set back (difficult to meet short term obligation). Based on the findings of the study, the researcher conclude that a well-managed inventory will lead to improvement of operational performance in Industrial goods sectors, while in the consumer goods sector, only inventory among the explanatory variables can predict operational performance effectively. The researcher recommend that management should put more attention on their liquid assets in order to maintain an adequate performance in the sectors because the result of the study has empirically proved that the higher the liquid asset the more the turnover of industrial and consumer goods sector in Nigeria will increase.