Abstract
This study was undertaken to evaluate the financial capability of small-scale rice processing industries in Obubra Local Government Area of Cross River State. Data were collected from both primary and secondary sources and were subjected to financial ratios and gross margin analysis. Ovate rice mill owner recorded the lowest cost-revenue ratio and highest profit-revenue ratio, an indication of better management, which controlled cost and attracted patronage from individual rice processors. Rice mill owners in the area makes 57.5% profit from every N1 revenue received from the industry. Processors/sellers of rice realized 37.7k profit from every N1 revenue received from the sales of processed rice. Keywords: Rice processing, Profit-revenue Ratio, Cost-revenue Ratio, and Net Capital RatioJournal of Agriculture, Forestry and the Social Sciences Vol. 4 (2) 2006: pp. 1-5
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Agriculture, Forestry and the Social Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
