Question
Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Tesla for two recent fiscal years. Note: Complete the entire question in Excel and format
Bankruptcy Risk and Z-Score Analysis
Following are selected ratios for Tesla for two recent fiscal years.
Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.
| Ratio | 2018 | 2017 |
|---|---|---|
| Current ratio | 1.135 | 0.831 |
| Working capital to total assets | 0.642 | 0.5430 |
| Retained earnings to total assets | (0.177) | (0.1788) |
| EBIT to total assets | (0.002) | (0.0549) |
| EBITDA to total assets | 0.061 | 0.0527 |
| Market value of equity to total liabilities | 3.490 | 2.8830 |
| Sales to total assets | 1.316 | 0.9950 |
Compute and interpret Altman Z-scores for the company for both years.
| Year | Z-score | |
|---|---|---|
| 2017 | Answer
| |
| 2018 | Answer
|
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ISE International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th Edition
1260547981, 9781260547986
