Chapter one
Introduction
A firm usually evaluates its working capital management whether small or medium. The sole motive of every business is to make profit. Many organization can be seen to have bee forced out of business simply because of inadequate or excessive management of working capital. This could be as a result of overtrading, under trading, lack of a careful appraisal of the procedure of organization of business and probably due to future to review the effectiveness or other wise of existing system of control. In this chapter, the concept and general principle of working capital in relation to choosing organization of study, there is no company required, but it is an obvious fact that its current assets are insufficient to meet current liabilities, that is there is no working capital. The organization will be unable to satisfy the requirement of its customers and will not be in a position to settle its debts as they arias and will be at the mercy of creditors who might enforce its liquidity. background of the study UYO Hotels company limited (ROSEMORE Hotel) UYO, the only premier Hotel in the north and one of the three in the whole name is a wholly owned subsidiary of new Nigeria development company (NNDC) and by extension the government of the nineteen (19) northern states. The hotel became fully operational in the year 1963. From the in caption of the hotel to the year 1998, the hotel developed to company limited, this makes ROSEMORE autonomous and is headed by a managing director along with a team of management staff. The Hotel has a total of seventy eight (78) skillful and trained personnel both senior and junior. ROSEMORE Hotel has over the year built a good image for itself due to good facilities and services delivery.
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