H
a
: There is relationship between Profitability and Age
.
H0: There is no relationship between Profitability and Size.
Ha: There is relationship between Profitability and Size.
H0: There is no relationship between Profitability and Age.
Ha: There is relationship between Profitability and Age.

21
Profitability and Leverage
Sampling and Data Source
The research was carried out on the five textile companies. These companies are:
Al Haj Textiles Mills Ltd.
Envoy Textiles
Hamid Fabrics Ltd.
Apex Spinning & Knitting Mills Ltd.
Square Textiles Ltd.
Data used in this study are secondary data cause the data related to the variables we are measuring
is usually done by the companies themselves primarily. We used the financial statements from the
annual financial reports published by those companies that in the period 2013-2017 to gather the
necessary data.
Data Analysis
Descriptive Statistics
In the descriptive status, the mean value is probably the most commonly used method of
describing average value or the central tendency of a data group.
The Median is the score which is found at the exact middle of the set of values.
The minimum and the maximum value represents the smallest and the largest value in the dataset
respectively.
The standard deviation is a statistic that measures the dispersion of a dataset relative to its mean. If
the data points are further from the mean, there is a higher deviation within the data set; thus, the
more spread out the data, the higher the standard deviation.
The probability describes the likeliness
H0: There is no relationship between Profitability and Leverage.
Ha: There is relationship between Profitability and Leverage.

22
of occurrence based how close the value is to 0 or 1. Close to 0 indicates the less likeliness of
occurrence and close to 1 indicates more likeliness of occurrence.
ROA
AGE
SIZE
GROWTH
LEVERAGE
Mean
0.038632
26.4
21.872
0.090444
0.471496
Median
0.0309
24
22.29
0.0729
0.5473
Maximum
0.1111
56
23.58
0.2754
0.703
Minimum
0.0148
5
20
-0.0932
0.1625
Std. Dev.
0.027029
15.70032
1.205249
0.09786
0.181872
Skewness
1.336946
0.744554
-0.28888
0.241495
-0.37143
Kurtosis
3.727868
2.631932
1.705879
2.450998
1.629883
Jarque-Bera
7.999472
2.450953
2.092236
0.556961
2.530264
Probability
0.01832
0.293618
0.351299
0.756933
0.282202
Sum
0.9658
660
546.8
2.2611
11.7874
Sum Sq. Dev.
0.017534
5916
34.863
0.229837
0.793855
Observations
25
25
25
25
25
Descriptive Statistics
ROA
Here, for ROA (Return on Asset) the mean is 0.038632 which means the average value or the
central tendency of the data presented in ROA is 0.038632. The median for ROA is 0.0309 which
indicates the exact middle point the data presented in ROA 0.0309. The Minimum of ROA is
0.0148 and the Maximum for ROA is 0.1111 which illustrates that 0.0148 is the smallest and
0.1111 is the largest value in the dataset of ROA. The Std. Dev. or SD for ROA is 0.027029. It

23
indicates that the dispersion of the dataset of ROA is 0.027029 from its mean. The probability is
0.01832. Since, it is closer to 0, it is less likely to occur this event.
Age
Here, for AGE, the mean is 26.4 which means the average value or the central tendency of the data
presented in AGE is 26.4. The median for AGE is 24 which indicates the exact middle point the
data presented in AGE 24. The Minimum of AGE is 5 and the Maximum for AGE is 56 which
illustrates that 5 is the smallest and 56 is the largest value in the dataset of AGE. The Std. Dev. or