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Find 10 publicly traded companies and fill in the following information ( Table 1: Issuer Level Financial Information ), you should calculate the working capital
Find 10 publicly traded companies and fill in the following information (Table 1: Issuer Level Financial Information), you should calculate the working capital and Altman Z-Score based on the information you find (45 Marks).
Here are the requirements:
- Firms’ stock must be publicly traded on major stock exchange
- Firms must have a credit rating score from Standard & Poor’s (Long-term issuer credit rating)
- The rating scores from these 10 firms should cover a wide range of credit rating levels with the following specific requirements:
- at least one firm’s rating score is at AAA level;
- at least one firm’s rating score is at AA level (any of AA+, AA, AA-);
- at least one firm’s rating score is at A level (any of A+, A, A-);
- at least one firm’s rating score is at BBB level (any of BBB+, BBB, BBB-);
- at least one firm’s rating score is at BB level (any of BB+, BB, BB-);
- at least one firm’s rating score is at B level (any of B+, B, B-);
- at least one firm’s rating score is at CCC level (any of CCC+, CCC, CCC-)
- The last Column Altman Z-Score should be calculated based on the formula’s on page 458 in the textbook.
- Working capital is the difference between current assets and current liability.
- All the 10 firms should be from the same country.
- All the financial ratios: total asset, EBIT (earnings before interests and taxes), …, should be the most
Table 1: Issuer Level Financial Information Retained Curre Company Company Stock Total EBIT Sales Shareholder's Total Equity Liabilities Earnings Asset Name S&P Ticker Assets Credit Symbol Rating (Issuer credit rating)
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