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.