Financial Performance of Non-Oil Manufacturing Companies Listed on the Libyan Stock Market (LSM): Case Study of Ahlia Cement Company (ACC)
The major objective of this study is to assess the financial performance of Ahlia Cement Company (ACC) from 1999 to 2008. The present study mainly based on secondary data, this data was collected from the financial statements such as the balance sheet and income statement. The data collected was analyzed by using financial ratio analysis method. The result of the liquidity Position of the company is very satisfactory, because the results of current ratio (CR), quick ratio (QR) and net working capital (NWC) always remained within the acceptable ratios range. While the result of the operational activity position of the company was not good, because the results of inventory turnover ratio (ITR) and account receivable turnover ratio (ARTR) was lower than the acceptable ratio range (8 times).
