Research Article
Financial Distress Warning: An Evaluation System including Ecological Efficiency
| | Indicator | Variable | Formula |
| | Return on equity (%) | roe | Net profit/owners’ equity | | Total assets turnover (%) | tato | Total liabilities/total assets | | Asset-liability ratio (%) | alr | Total inventory/current assets | | Ratio of inventory (%) | ri | Cash received from the sale/total assets | | Receivable ratio (%) | rr | Total accounts receivable/current assets | | Net cash flow per share (CNY) | ncf | Net cash flow from operations/total equity |
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