Essay
Following the Z score proposed by Edward Altman,calculate the Z score of a firm with the following financial ratios:
EBIT/total assets = .12
Sales/total assets = 1.4
Market equity/book debt = .9
Retained earnings/total assets = .4
Working capital/total assets = .12
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The firm's Z score = (3.3 * .12)+ (1.0 *...View Answer
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