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What is the Z score for ABC Company according to Altman's linear discriminant modelbased on the key financial ratios from last year's financial statements. (2
What is the Z score for ABC Company according to Altman's linear discriminant modelbased on the key financial ratios from last year's financial statements.(2 marks)
1.Working Capital/Total Assets = X1= 0.3
2.Retained Earnings/Total Assets = X2= 1.5
3.Earnings Before Interest and Taxes/Total Assets = X3= -0.4
4.Market Value of Equity/BV of Total Liabilities = X4= 0.3
Sales/Total Assets = X5= 3.2
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