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Assume the following information for both years: Net Profit Margin (NPM) was 4%. Interest rate on Long-term Debt 10% Times-Interest-carned was 5 times All of
Assume the following information for both years: Net Profit Margin (NPM) was 4\%. Interest rate on Long-term Debt 10\% Times-Interest-carned was 5 times All of the Net Income was retained and Market price for each share of common stock was as follows: January 1, 2008$1.25; December 31, 2008 - \$1.14; January 1, 2007-\$1.10; December 31, 2007 - \$0.86 a. Use Altman Z-Score to decide whether or not you would lend five million dollars to the above mentioned company
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