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Hikma pharmaceuticals & Dar Al-Dawa pharmaceuticals are operating in the same business. Dar Al-Dawa gets all its business from 3 large customers. While Hikma has

Hikma pharmaceuticals & Dar Al-Dawa pharmaceuticals are operating in the same business. Dar Al-Dawa gets all its business from 3 large customers. While Hikma has a more diversified portfolio of customers with 300 customers. Assuming that the firms are of similar size and have similar operating income, which firm would you expect to have more bankruptcy risk and why?

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