3. Results and Discussion
The results revealed positive relationship between: 1) receivables and gross income (Linear = 0.737, Quadratic = 0.743, Cubic = 0.743) ; 2) total asset and net income/surplus (Linear = 0.635, Quadratic = 0.836, Cubic = 0.857) ; 3) total equity/capital and total asset(Linear = 0.621, Quadratic = 0.640, Cubic = 0.644) ; 4) number of members and paid-up shares from members (Linear = 0.433, Quadratic = 0.470, Cubic = 0.511) ; and 5) paid-up shares from members and retained earnings (Linear = 0.779, Quadratic = 0.807, Cubic = 0.816) . The results of the analysis of the curve estimates revealed that financial variables such as receivables, total asset, total equity/capital, number of members and paid-up shares can influence the financial variables such as gross income, net income/surplus, total asset, paid-up shares from members, and retained earnings respectively. The results are shown in figure 2.