| Model-4 | Dependent Variables | |||||
| Independent Variables | Return on Sales | Return on Equity | ||||
| Regression Coefficients | t Value | P Value | Regression Coefficients | t Value | P Value | |
| (Constant) | 65.442 | 17.461 | 0.837 | 19.887 | 55.443 | 0.445 |
| Current Ratio | 2.447 | 15.477 | 0.000 | 2.287 | 2.446 | 0.000 |
| Quick Ratio | 1.243 | 14.019 | 0.000 | 2.664 | 14.874 | 0.000 |
| Operating Ratio | 2.365 | 11.556 | 0.000 | 2.109 | 13.240 | 0.000 |
| Inventory Turnover Ratio | 1.446 | 12.443 | 0.000 | 2.771 | 7.461 | 0.000 |
| Debtors Turnover Ratio | 2.227 | 11.878 | 0.000 | 2.009 | 5.449 | 0.000 |
| Debt Equity Ratio | 1.443 | 41.201 | 0.000 | 2.374 | 17.229 | 0.000 |
| Adjusted R2 | 0.655 | 0.724 | ||||