Abstract: Proper financial planning ensures that maximization of profit and wealth creation for shareholders is achieved. The purpose of this study was to determine the influence of financial planning on financial performance of sugar industry in Kenya. The objective of the study was to determine the influence of working on financial performance of sugar industry in Kenya. The study used quantitative research design that involved computation of financial ratios to arrive at the conclusion. Secondary data was appropriate for this study because of easy access of information, involves low cost and readily available information. The study showed that there was a strong influence of working capital on financial performance of firms in sugar industry. From the study findings, it was concluded that working capital was positively related to financial performance of sugar industry in Kenya. The study concluded that Muhoroni had highest amount of working capital. Also, the study found that working capital influenced highly on financial performance of sugar industry in Kenya. Hence, the study recommended that West Kenya should employ more working capital management planning in order to improve financial planning.
Keywords: sugar industry, working capital, financial performance, financial planning.
Title: INFLUENCE OF WORKING CAPITAL ON THE FINANCIAL PERFORMANCE OF SUGAR INDUSTRY IN KENYA
Author: Philip Ocharo, Oluoch Oluoch
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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