2012 (N = 18)  ROA  ROE  EPS  Cash ratio 
Pearson Correlation  0.591**  0.638**  0.779**  0.480* 
Sig. (2tailed)  0.010  0.004  0.000  0.044 
 Cash maturing debt ratio  Net cash flow per share  Current ratio 

Pearson Correlation  0.489*  −0.631**  0.570* 

Sig. (2tailed)  0.039  0.005  0.014 

 Current assets turnover  Current ratio  Operating net cash flow 

Kendall Correlation  0.503**  0.386*  −0.386* 

Sig. (2tailed)  0.004  0.025  0.025 

 Operating net cash flow  Current assets turnover  Current ratio  Degree of total leverage 
Spearman Correlation  −0.560*  0.713**  0.501*  −0.474* 
Sig. (2tailed)  0.016  0.001  0.034  0.047 