Question
Calculate the Z-score of the firm that has the following ratios: Working capital/total assets = 0.34 Retained earnings/total assets = 0.15 EBIT/total assets =
Calculate the Z-score of the firm that has the following ratios: Working capital/total assets = 0.34 Retained earnings/total assets = 0.15 EBIT/total assets = 0.00 Market value equity/book value of long-term debt = 0.80 Sales/total assets = 1.6
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
14th Canadian edition
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