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.