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Problem 21-11 (LG 21-5) Suppose that the financial ratios of a potential borrowing firm took the following values: X = Net working capital/Total assets =
Problem 21-11 (LG 21-5) Suppose that the financial ratios of a potential borrowing firm took the following values: X = Net working capital/Total assets = 0.10, X = Retained earnings/Total assets = 0.20, X3 = Earnings before interest and taxes/Total assets = 0.20. X4 Market value of equity/Book value of long-term debt = 0.60, x5 = Sales/Total assets ratio=0.8. Calculate the Altman's Z-score for this firm. (Do not round Intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Altman's Z-score
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