Question
2. i (6 points) Given the financial statements of the Lehman Brothers Inc in 2007, calculate the Assets Turns, Current Ratio, Leverage Ratio, Return
2. i (6 points) Given the financial statements of the Lehman Brothers Inc in 2007, calculate the Assets Turns, Current Ratio, Leverage Ratio, Return on Equity, and determine its bankruptcy risk using Altman's Z-score. Lehman Brothers Lehman Brothers BALANCE SHEET INCOME STATEMENT Current Year ASSETS Revenue 12,124 Current Assets 195,486 Cost of Good Sold 8,197 Fixed Assets and Other Assets 733 Net Revenue 3,927 Total ssets 196,219 Overhead 2,981 Profit before Tax 946 LIABILITIES Income Tax 206 Current Liabilities 189,556 Net Income 740 Longterm Liabilities 3,511 Total Liabilities 193,067 OWNER'S EQUITY Contributed Capital 1,738 Retained Earnings 1,414 Total Equity 3,152 Total Liabilities and Equity 196,219
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
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