SKILL IMPROVEMENT NEEDS FOR EFFECTIVE MANAGEMENT OF WORKING CAPITAL

This study was carried out to determine the skill improvement needs of SME managers for effective management of working capital in Cross River State. Four research questions and four null hypotheses were formulated to guide the study. A descriptive survey research design was used to carry out this study, with a total population of 437 managers of registered SMEs in cross river state, Nigeria. The sample size of two hundred and ten (210) Small and Medium Scale Enterprises managers was drawn for the study using Taro Yamen formulae. The sample which is made up of One hundred and fifty-six (156) experience managers of SMEs and fifty-four (54) fewer experience managers of SMEs in Cross River State were composed using multi-stage sampling. Mean was used to answer the research questions, while the hypotheses were tested using independent t-test statistics at 0.05 level of significance. The results indicated that the SME managers needed skill improvement in cash, accounts payable, accounts receivable and inventory management, and wealth of experience in cash, inventory, and account receivable management.