Enterprises Tax Burden Analysis From The Russian And European Experience Perspective
Table 2:
Indicator | The correlation coefficient with a tax burden indicator | Feature according to Cheddoke scale |
Inventory turnover in days | -0,46 | Weak negative |
Accounts receivable turnover in days | -0,12 | Very weak negative |
Accounts payable turnover in days | 0,26 | Very weak positive |
Operating cycle | -0,48 | Weak negative |
Financial cycle | -0,21 | Very weak negative |
Profitability of sales | 0,69 | Average positive |
Return on equity | 0,83 | High positive |