TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledge iv
Table of content v
Chapter one
1.1 Background of the study 1
1.2 Statement of the problem 3
1.3 Aims and objective of the study 4
1.4 Significance of the study 5
1.5 Scope of the study 5
1.6 Limitation of the study 6
1.7 Definition of terms
1.8 Organization of the study
CHAPTER TWO
2.1 Introduction 7
2.2 Conceptual issue 7
2.3 Nature of finance ratio 8
2.4 Theoretical frame work 9
2.5 Empirical review 21
CHAPTER THREE
3.0 Introductions 22
3.1 Historical background of union bank of Nigeria PLC 22
3.2 Estimation techniques 24
3.3 Sources of data 24
3.4 Method of data collection 24
3.5 Method of data analysis
CHAPTER FOUR
4.0 Introduction 25
4.1 Presentation and Data Analysis 25
4.2 Analysis and Interpretation of Data 29
4.3 Discuss of Findings 34
CHAPTER FIVE
5.0 summary of findings, conclusion and recommendations 37
5.1 summary 37
5.2 conclusion 37
5.3 recommendations 38
REFERENCES 41
APPENDIX 42
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Financial information which serves as the basis for financial and decision making is needed for product evaluation and comparison of a firm (Pandy, 1999). Financial statements are means of carrying or conveying to management and to interested outside a concise picture of the profitability and financial position of business. They constitute a report of management performance affecting to managerial success or failure and flashing warning signal of impending difficulties. The financial statement shows the financial position of the business as the time of report and also the operating result by which the company arrived at its time of report and also the operating result by which the company arrived at its position. They only give some information about financial event. Before users of financial statement can read meaning to the array of data or information contained in it, a thorough analysis and interpretation of the data has be done using certain analysis tools. The objective of business enterprise in publishing financial statement is to assist decision makers or users in evaluating the financial strength profitability liquidity and future prospect of the business entity. This objective cannot be justified or accomplished if users do not read meaning or understood the financial statement published (Meig and Meigs, 1994) Financial statement of a firm includes income statement balance sheet, director’s reports auditor’s report, note to the account value-added statement, cash flow statement and five years financial summary (Frank Wood 1996).
