Question
Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for the companys 2016 and 2015 fiscal years. Compute and interpret Altman
Bankruptcy Risk and Z-Score Analysis
Following are selected ratios for Logitech International SA for the companys 2016 and 2015 fiscal years. Compute and interpret Altman Z-scores for both years.
| Ratio | 2016 | 2015 | ||||
|---|---|---|---|---|---|---|
| Working capital to total assets | 0.441 | 0.445 | ||||
| Retained earnings to total assets | 0.783 | 0.707 | ||||
| EBIT to total assets | 0.097 | 0.108 | ||||
| Market value of equity to total assets | 1.652 | 0.419 | ||||
| Market value of equity to total liabilities | 4.281 | 2.936 | ||||
| Sales to total assets | 1.524 | 1.405 |
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
