2012 (N = 8)

Cash ratio

Current assets turnover

Total assets turnover

Current ratio

Pearson Correlation

−0.799*

0.932**

0.709*

−0.746*

Sig.

0.017

0.001

0.049

0.033

Quick ratio

Debt−to−assets ratio

Equity ratio

Pearson Correlation

−0.735*

0.789*

0.819*

Sig.

0.038

0.02

0.013

Cash ratio

Current assets turnover

Current ratio

Kendall Correlation

−0.857**

0.857**

−1.000**

Sig.

0.003

0.003

Quick ratio

Debt-to-assets ratio

Equity ratio

Kendall Correlation

−0.929**

0.571*

0.714*

Sig.

0.001

0.048

0.013

Cash ratio

Current assets turnover

Current ratio

Spearman Correlation

−0.929**

0.929**

−1.000**

Sig.

0.001

0.001

Quick ratio

Debt-to-assets ratio

Equity ratio

Spearman Correlation

−0.976**

0.714*

0.810*

Sig.

0.000

0.047

0.015