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Acme has been having trouble controlling costs, maintaining adequate cash flow and generally struggling financially. A new CFO was hired mid-year in 2015 and began

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Acme has been having trouble controlling costs, maintaining adequate cash flow and generally struggling financially. A new CFO was hired mid-year in 2015 and began taking steps to correct and hopefully reverse this situation. Below are Z-Scores for the nine most recent quarters. Based on this, would you say that the new CFO has: Q1 Q2 Q3 Q4 2016 2016 2016 2016 0.99 0.75 1.03 1.74 Q1 2017 2.23 Q2 2017 2.54 Q3 2017 2.67 Q4 2017 2.75 Q1 2018 2.89 Select one: O a. Really turned things around, Acme is now healthy and strong. O b. Made improvements to financial health, but there's still some work to be done. c. Been largely ineffective, in fact things have gotten worse. O d. Completely failed to turn Acme around and bankruptcy is probably imminent

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