Financial Appraisal Of Rice Mill Owners And Processors/Sellers In Obubra Local Government Area Of Cross River State
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 Ratio
Journal of Agriculture, Forestry and the Social Sciences Vol. 4 (2) 2006: pp. 1-5