Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Promise I will Like......... <3 Find 10 publicly traded companies and fill in the following information, you should calculate the working capital and Altman Z-Score

Promise I will Like......... <3

Find 10 publicly traded companies and fill in the following information, you should calculate the working capital and Altman Z-Score based on the information you find (45 Marks).

Here are the requirements:

1. Firms stock must be publicly traded on major stock exchange

2. Firms must have a credit rating score from Standard & Poors (Long-term issuer credit rating)

3. The rating scores from these 10 firms should cover a wide range of credit rating levels with the following specific requirements:

a) at least one firms rating score is at AAA level;

b) at least one firms rating score is at AA level (any of AA+, AA, AA-);

c) at least one firms rating score is at A level (any of A+, A, A-);

d) at least one firms rating score is at BBB level (any of BBB+, BBB, BBB-);

e) at least one firms rating score is at BB level (any of BB+, BB, BB-);

f) at least one firms rating score is at B level (any of B+, B, B-);

g) at least one firms rating score is at CCC level (any of CCC+, CCC, CCC-)

4. The last Column Altman Z-Score should be calculated based on the formulas on page 458 in the textbook.

5. Working capital is the difference between current assets and current liability.

6. All the 10 firms should be from the same country.

7. All the financial ratios: total asset, EBIT (earnings before interests and taxes), , should be the most recent fiscal year figures.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Amazon Fba Proven Step By Step Strategies To Make Money On Amazon Fba

Authors: Mark Smith

1st Edition

1951103718, 978-1951103712

More Books

Students also viewed these Finance questions

Question

Promise I will Like......... Answered: 1 week ago

Answered: 1 week ago