Result and Interpretation

The above correlation matrix shows the standardized score range between 0-1.In the first
column the Pearson correlation between the mean score of Cash at bank to total asset and
cash on hand to total assets is .913 which shows that there is strongly relationship between
the set of ratios i.e., the cash at bank to total assets increases to 91.3% which in turn cash on
hand to total assets also increases to the same level due to high managerial efficiency.
Thus the mean score of cash on hand to total assets and cash on bank to total assets is equal
whereas the correlation, R between cash on bank to total assets and debtors ratio, liquid
assets to deposit ratio is negative which shows that there is a weak relationship between the
ratios i.e., the cash on hand increases but debtors ratio, liquid assets to deposit ratio
decreases by 66.4 % and 3.8% respectively. Thus the mean score cash on hand to total assets
ratio, cash at bank to total assets ratio and liquid assets to deposit is unequal.
Moreover the Pearson correlation coefficient of the mean score of index of debtor ratio and
liquid assets to deposit ratio shows negative. Thus the mean score cash on hand to total assets
ratio, cash at bank to total assets ratio and liquid assets to deposit is unequal. Whereas the
remaining index of variables shows positive .Thus the mean score of debtors ratio, cash on hand
to total assets ratio, cash at bank to total assets ratio and liquid assets to deposit is equal.