return on common stockholders’ equity rate

operating cost rate

account payable turnover rate

research and development expenditure rate

income tax rate

return on total assets rate

X1

X2

X3

X4

X5

Y

2012

0.428

0.561

4.907

0.022

0.252

0.381

2013

0.306

0.624

4.941

0.026

0.262

0.262

2014

0.336

0.614

4.285

0.033

0.261

0.244