Question: Refer to the Biltrite financial statements in the Biltrite Practice Case (Exhibits BR.3 and BR.4 in the introduction to the Biltrite case). Required a. Calculate

Refer to the Biltrite financial statements in the Biltrite Practice Case (Exhibits BR.3 and BR.4 in the introduction to the Biltrite case).
Required
a. Calculate the Altman Z-score for Biltrite for 2009 using the model for public and private service and manufacturing companies. What does this score tell you about the potential for bankruptcy?
b. Calculate the Altman Z-score assuming that the total amounts for current assets and current liabilities are reversed as are the total amounts of net worth and total liabilities. What does this score tell you about the potential for bankruptcy?

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a Working Capital to Total Assets 79558 28274 452328 11338 656 7438 Retained Earnings to ... View full answer

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