Exhibit 5.22 presents selected financial data for Tribune Company and Washington Post for fiscal 2006 and 2007.
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a. Compute Altman’s Z-score for Tribune Company and Washington Post for fiscal 2006 and 2007.
b. How did the bankruptcy risk of Tribune Company change between fiscal 2006 and 2007? Explain.
c. How did the bankruptcy risk of Washington Post change between fiscal 2006 and 2007? Explain.
d. The Tribune Company filed Chapter 7 bankruptcy in December 2008. Using the analysis from Parts b and c, would you have predicted the Tribune Company or the Washington Post Company to file bankruptcy? Explain.
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Related Book For
Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
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