Table 3

Summary statistics of Wang, Dennis and Tu’s solvency test

NMeanStandard DeviationMaximumMinimum
Cash ratio18196.10394.451339.8170.776
Quick ratio18201.89401.55401.5570.77
Current ratio186.7821.9093.361.77
Operating ratio181.040.111.240.67
Surplus (Deficit) per capita1867.46173.64329.43-500.05
Long term liability per capita18932.971611.925532.0441.43
Tax per capita18471.26293.32947.1128.74
Revenue per capita181745.071323.986152.13699.58
Expenses per capita181677.601263.415931.82678.39

Source: By authors.

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