Question
Calculate the Z-score of the firm that has the following ratios: Working capital/total assets = 0.34 Retained earnings/total assets = 0.15 EBIT/total assets = 0.00
Calculate the Z-score of the firm that has the following ratios:
Working capital/total assets = 0.34
Retained earnings/total assets = 0.15
EBIT/total assets = 0.00
Market value equity/book value of long-term debt = 0.80
Sales/total assets = 1.6
Round your answer to 2 decimal places.
For example, if your answer is 5.689, write down 5.69
Step by Step Solution
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Step: 1
Z score is 270 ALTMAN Z SCORE x1 Working Capital Current ...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
