Table 2 shows the financial ratios calculated, how they are calculated and the part of financial performance they are a measure of. EBITTA is a measure of profitability, CAT is a measure of operational efficiency, CFTA is a measure of short-term liquidity, CCL is a measure of cash position, TDTA is a measure of solvency as is TDSF. 3.3 Statistical Analysis The researchers evaluate the financial ratios to identify their stability across sector and over time. Time and Sector are the independent variables and the six financial ratios are the dependent variables. The researchers therefore chose the two way multivariate analysis of variance as the statistical test to use. The test was performed with SPSS. The results will show if there are significant differences in the means of the six sectors and whether there are significant differences in the means of the ratios over the five year period.