Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find the Altman Z Score Rating. Net Working Capital = -7538 Sales= 67684 R/E= 94918 Book Value Liabilities= 67516 MV Equities 304702 BV Equities= 47579
Find the Altman Z Score Rating.
Net Working Capital = -7538
Sales= 67684
R/E= 94918
Book Value Liabilities= 67516
MV Equities 304702
BV Equities= 47579
Total Assets= 115095
Market Capital= 303,774
P/S= 928000
The Z score Analysis should be either 4.79 or 7.1 but I cannot figure out market value of Equity.
Using the Z score of :
Z= 1.2X + 1.4X + 3.3X +.6X + .999X
Please solve for the Z Score analysis, show work and explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started