Table 2.
Awareness of financial indicators and their importance (N = 353).
| No. | Variables Statements | Agreed and strongly agreed |
Sample's mean |
Mean significance |
|
|---|---|---|---|---|---|
| N (%) | M ± SD | ta | Sig t | ||
| 1 | Have sufficient knowledge of profitability indicators. | 265 (75.1) | 3.82 ± 0.79 | 19.62 | <0.001 |
| 2 | Have sufficient knowledge of liquidity indicators. | 247 (70.0) | 3.72 ± 0.84 | 15.99 | <0.001 |
| 3 | Have sufficient knowledge of leverage indicators. | 137 (38.8) | 3.29 ± 0.88 | 6.23 | <0.001 |
| 4 | Have sufficient knowledge of financial efficiency indicators. | 169 (47.9) | 3.40 ± 0.90 | 8.32 | <0.001 |
| 5 | Learned about evaluating the pharmacy's financial performance and its indicators at the university. | 86 (24.4) | 2.77 ± 1.08 | −3.99 | <0.001 |
| 6 | Learned about financial performance evaluation and its indicators through a training course. | 93 (26.4) | 2.92 ± 1.02 | −1.51 | 0.131 |
| 7 | Learned about the concept of financial performance evaluation and its indicators through the experience and practice of pharmacy management. | 275 (77.9) | 3.92 ± 0.89 | 19.49 | <0.001 |
| 8 | Financial analysis helps reach an accurate diagnosis of pharmacy strengths and weaknesses. | 273 (77.3) | 4.03 ± 0.89 | 21.72 | <0.001 |
| 9 | Financial analysis helps assess the pharmacy's financial and monetary situation. | 289 (81.9) | 4.15 ± 0.87 | 24.90 | <0.001 |
| 10 | Financial analysis helps evaluate investment outcomes and financing decisions. | 267 (75.6) | 4.00 ± 0.92 | 20.51 | <0.001 |
| 11 | Financial analysis helps compare actual and planned data and information. | 272 (77.1) | 3.99 ± 0.89 | 20.95 | <0.001 |
| 12 | Financial analysis helps predict the odds that the pharmacy will fail. | 275 (77.9) | 4.02 ± 0.88 | 21.82 | <0.001 |
| 13 | Financial performance indicators help to make logical and rational decisions. | 288 (81.6) | 4.09 ± 0.85 | 24.29 | <0.001 |
| 14 | The income statement expresses the result of the pharmacy's work and the profit or loss it leads. | 287 (81.3) | 4.08 ± 0.81 | 25.10 | <0.001 |
| 15 | The income statement shows more financial details than the balance sheet. | 236 (66.9) | 3.79 ± 0.88 | 16.89 | <0.001 |
| 16 | The income statement provides more information about trends in spending money. | 254 (72.0) | 3.86 ± 0.84 | 19.36 | <0.001 |
| 17 | The income statement provides more information about the performance of different revenue sources (such as sales of prescription drugs versus over-the-counter drugs). | 261 (73.9) | 3.86 ± 0.88 | 18.40 | <0.001 |
| 18 | The budget includes a statement of cash flows. | 223 (63.2) | 3.73 ± 0.88 | 15.49 | <0.001 |
| 19 | The trial balance is one of the basic financial statements of the pharmacy. | 234 (66.3) | 3.83 ± 0.87 | 17.96 | <0.001 |
| 20 | The inventory turnover ratio demonstrates a pharmacy's ability to make cash. | 257 (72.8) | 3.94 ± 0.85 | 20.73 | <0.001 |
| 21 | The current ratio indicator is more accurate than the quick ratio indicator in assessing the liquidity of a pharmacy. | 193 (54.7) | 3.63 ± 0.85 | 14.09 | <0.001 |
| 22 | The 1:2 quick ratio indicator indicates a financial problem. | 133 (37.7) | 3.36 ± 0.85 | 7.88 | <0.001 |
| Total | 5014 (64.6) | 3.74 ± 0.61 | 22.80 | <0.001 | |
a
The critical (tabulated t) value is 1.98 at the 0.05 level.