Bankruptcy Risk and Z-Score Analysis Following are selected ratios for JetBlue Airways for two recent fiscal years. Ratio 2016 2015 Current ratio 0.604 0.705 Working capital to total assets (0.069) (0.104) Retained earnings to total assets 0.258 0.194 EBIT to total assets 0.138 0.141 EBITDA to total assets 0.180 0.181 Market value of equity to total liabilities 1.380 1.342 Sales to total assets 0.699 0.742 Compute and interpret Altman Z-scores for the company for both years. (Do not round until your final answer; then round your answers to two decimal places.) 2016 Z-score = 0 2015 z-score = 0 Which of the following statements best describes the company's Altman 2-scores? OBoth Altman Z-scores are above 3.00 which 2016 Z-score = 0 2015 z-score = 0 Which of the following statements best describes the company's Altman z-scores? OBoth Altman z-scores are above 3.00 which indicate the company has a low probability of bankruptcy. OBoth Altman z-scores are below 1.80 which indicate the company has a very low probability of bankruptcy. OBoth Altman z-scores are between 1.80 and 3.00 which indicate the company has some potential of bankruptcy. Both Altman z-scores are below 1.80 which indicate the company has a very high probability of bankruptcy. Check Previous Save Answers Next