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Ratio Analysis As A Tools For Performance Appraisal In Nigeria Financial Market
[A case study of First Bank of Nigeria Plc, Ilorin Branch]
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1.9 DEFINITION OF TERM
Performance: Is the ability to operate as well as action or achievements consider in relation to how it is (Oxford Advance Learners Dictionary 1995).
Financial statement: Are the instrument panel of a business enterprises and constitute a report on managerial performance attesting to managerial failure or success and flashing warming signal impending difficulties (Meigs and Meiga, 1979).
Ratio: Is a simple mathematical expression as well as one member expressed in term of another to show the relation between them and is the most widely use tool in analysis and interpretation of financial statement.
Balance sheet: A statement that show the financial position which summary or the nature and amount of company asset and liabilities and net worth of company in particular year.
Profit and Loss account: Is an account that shows either the net or profit of the company usually in a year where by the income of such company are credited while their expenses are debited during the preparation of their account
Working capital: Is the excess of current asset over current liabilities of the business enterprises.
Cash flow statement: Is a financial information which provide information about the cash receipts (cash inflow) and cash payment (cash outflow) of an enterprises over a given period of time or in a given accounting year
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