The following numbers are extracted from the financial statements for a firm for 2008 and 2009. Amounts
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The following numbers are extracted from the financial statements for a firm for 2008 and 2009. Amounts are in millions of dollars.
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At the end of 2008, the firm's 80 million shares traded a $25 each, but by the end of 2009 they traded at $15. Commentators blamed the drop on an increase in the risk of bankruptcy. Conduct a credit scoring analysis that indicates how much the likelihood of bankruptcy increased over the year.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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