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Question 9 Below is selected information for Cari Corp. and Nick Inc. for 2018. Cari Corp. Nick Inc. Current assets $683,140 $488,974 Current liabilities 445,691
Question 9 Below is selected information for Cari Corp. and Nick Inc. for 2018. Cari Corp. Nick Inc. Current assets $683,140 $488,974 Current liabilities 445,691 527,588 Total assets 1,187,598 1,027,966 Total liabilities 632,855 884,771 Altman's Z-score 12.012 2.681 Which of the following statements is FALSE? Liabilities-to-equity ratio indicates that Cari has higher default risk than Nick. Altman's Z-score suggests that Nick has higher bankruptcy risk than Cari. Current ratio indicates that Cari has lower default risk than Nick. Cari has more working capital than Nick
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