Effect Of Working Capital Management On Financial Performance Of Micro And Small Enterprises In Nakuru County

There are diverse conceptualizations of Working Capital Management (WCM).Ahmad (2014)conceptualized working capital as the firm’s short term or current assets and current liabilities. Ahmad (2014) further introduces the concept of net working capital as a representation of the excess of the current assets over current liabilities and an indicator of the firm’s ability to meet short term financial obligations.Finally, working capital management has been defined as the ability to control effectively and efficiently the current assets and current liabilities in a manner that provides the firm with maximum return on its assets and minimizes payments for its liabilities (Unni, 2013).