	Dependent variable: $\frac{C F O_{i . t}}{T A_{i, t - 1}}$
	2007	2008-2018
intercept	0.011	0.019***
$\frac{S A L E S_{i . t}}{T A_{i . t - 1}}$	0.075***	0.041***
$\frac{Δ S A L E S_{i . t}}{T A_{i, t - 1}}$	−0.094	−0.055***
R²	0.105	0.123
F value	4.784**	653.430***
N	62	7547