Financial Ratio

3-year Pre-Merger Avg

3-year Post-Merger Avg

Difference (Post-Pre)

Paired test t-value at 0.05 significance

t-critical value (2-tail)

p-value (one tail)

5-year Post-Merger Avg

Difference

(Post-Pre)

Paired test t-value at 0.05 significance

p-value (one tail)

t-critical value (2-tail)

Operating Profit Margin

23.432

24.004

0.573

−0.298

1.989

0.383

23.390

−0.042

0.025

0.490

1.989

Pre-Tax Profit Margin

3.377

10.879

7.502

−2.145

-do-

0.017

10.875

7.498

−2.212

0.015

-do-

Net Profit Margin

1.470

8.111

6.641

−1.986

-do-

0.025

8.084

6.614

−2.020

0.023

-do-

Return on NetWorth

8.040

8.698

0.658

−0.225

-do-

0.411

−0.869

−8.909

0.925

0.179

-do-

Return on Capital Employed

5.564

6.559

0.995

−0.698

-do-

0.244

6.190

0.626

−0.490

0.313

-do-

Debt-Equity ratio

0.874

0.897

0.023

−0.173

-do-

0.432

0.878

0.004

−0.028

0.978

-do-