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a.Asset efficiency and profit margins rations impact solvency ratios. Explain (including which specific efficiency and profitability rations matter). How does this impact your analysis of

a.Asset efficiency and profit margins rations impact solvency ratios. Explain (including which specific efficiency and profitability rations matter). How does this impact your analysis of a firm's solvency ratios?

b.Explain how leverage ratios can impact coverage ratios.

c.Altman Z-score measures default risk of a firm (using financial ratios). Enumerate the four factors affect the Z-score and explain why each would impact default risk (including whether it affects solvency or liquidity risk).

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