Table 3 Point null Sd error T -test Verdict

Adaptor ROA 0.133 0 0.0195 6.82051282 Reject

Adaptor inven 0.078 0 0.0192 4.0625 Reject
Adaptor profit 0.098 0 0.0206 4.75728155 Reject
Adaptor asset ut 0.123 0 0.0122 10.0819672 Reject
Adaptor efficency 0.196 0 0.0175 11.2 Reject
Log Asset 0.928 0 0.0044 210.909091 Reject
Log inv 0.728 0 0.0039 186.666667 Reject
Log Sales 0.971 0 0.0049 198.163265 Reject
Log Accunt R 0.718 0 0.0035 205.142857 Reject
0
Table 4 0
Adaptor Pro 0.042 0 0.0064 6.5625 Reject
Adaptor Tob 0.128 0 0.0083 15.4216867 Reject
Log Asset 0.982 0 0.0017 577.647059 Reject
Log Cap 0.34 0 0.0027 125.925926 Reject
Log lab exp 0.647 0 0.0028 231.071429 Reject

Table 5 (Wrong) Point Null Sd error T-test Verdit

ROA -0.073 0.185 0.0722 -3.5734072 Fail to reject
inventory turn 0.126 0.164 0.0605 -0.62809917 Fail to reject
Profit margin -0.036 0.187 0.0731 -3.0506156 Fail to reject
asset utiliz -0.016 0 0.0329 -0.48632219 Fail to reject
Collection effic 0.0084 0 0.0432 0.19444444 Fail to reject

Table 6 Point Null SD Error T-test Verdit

Start
Tobin's Q 0.063 0 0.036 1.75 Gray
Complete
Tobin's Q 0.016 0 0.0364 0.43956044 Fail to Reject
Table 3 Point null Sd error
Adaptor ROA 0.133 1 0.0195
Adaptor inven 0.078 1 0.0192
Adaptor profit 0.098 1 0.0206
Adaptor asset ut 0.123 1 0.0122
Adaptor efficency 0.196 1 0.0175
Log Asset 0.928 1 0.0044
Log inv 0.728 1 0.0039
Log Sales 0.971 1 0.0049
Log Accunt R 0.718 1 0.0035
1
Table 4 1
Adaptor Pro 0.042 1 0.0064
Adaptor Tob 0.128 1 0.0083
Log Asset 0.982 1 0.0017
Log Cap 0.34 1 0.0027
Log lab exp 0.647 1 0.0028

Table 5 (Start Value) Point Null Sd error

ROA 0.185 0 0.0695
inventory turn 0.164 0 0.058
Profit margin 0.187 0 0.0713
asset utiliz 0.03 0 0.032
Collection effic -0.035 0 0.0421
T -test Verdict
-44.461538462 Reject
-48.020833333 Reject
-43.786407767 Reject
-71.885245902 Reject
-45.942857143 Reject
-16.363636364 Reject
-69.743589744 Reject
-5.9183673469 Reject
-80.571428571 Reject

-149.6875 Reject
-105.06024096 Reject
-10.588235294 Reject
-244.44444444 Reject
-126.07142857 Reject

T-test Verdit
2.661870504 Reject
2.827586207 Reject
2.622720898 Reject
0.9375 Fail to reject
-0.831353919 Fail to reject