2.1 Data Gathering Tool
A survey questionnaire was designed to answer specific problems of the study. The respondents were asked to choose from indicators using a four-point scale: 1= rarely implemented; 2 = often implemented; 3 = almost implemented; and 4 = fully implemented. The first part of the questionnaire consists of the profile of the respondent cooperatives (as shown in table 1), the second part contains questions to determine the implementation of current asset management such as cash, receivables and inventory. The third part contains questions to determine the implementation of current liabilities such as accounts payable, accrued expenses and short-term loans. The fourth part contains questions to determine the implementation of net working capital such as investment policies and liquidity management.
Questionnaire validity and reliability test. The questionnaire was validated by four (4) experts: (1) federation president of cooperatives; (2) a cooperative officer; (3) and academic professor; and (4) a statistician. The validity test using Aiken’s V Coefficient is 94 % indicating that the questions can reliably determine the implementation of WCM in cooperatives. The questionnaire was further subjected to reliability test wherein it was pre-tested among sixteen (16) cooperatives in Baguio City (nearby the municipality). The Chronbach’s alpha result is 0.90 indicating that the questionnaire provides good degree of consistency, thus the instrument is reliable.