19 Altmans Z-score In 2019, Apple Inc. had the following data. Calculate its Altman Z-score. What can

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19 Altman’s Z-score In 2019, Apple Inc. had the following data. Calculate its Altman Z-score. What can you say about the health of Apple Inc.?

Total assets: $373,719 million Current assets: $140,828 million Current liabilities: $108,283 million Retained earnings: $80,510 million Earnings before taxes: $69,779 million Interest expense: −$3,396 million Revenue: $261,612 million Market value of equity: $976,817 million Book value of liabilities: $255,827 million

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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