4 It is not difficult to find firms that are in financial distress. Download the financial accounts...
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4 It is not difficult to find firms that are in financial distress. Download the financial accounts for five firms in your country that have performed poorly over the last year. Carry out a Z-score analysis for these companies. Now download the financial accounts for five firms that performed strongly in the past year and carry out a similar analysis. Are the Z-scores for the poor performance sample different from the good performance sample? Write a report on your analysis.
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