Question: 2 Why do you think Altman's first factor X1: Working capital (Current assets Current liabilities)/Total assetsis associated with bankruptcy? Why would you expect that a

Why do you think Altman's first factor X1: Working capital (Current assets Current liabilities)/Total assetsis associated with bankruptcy? Why would you expect that a greater X1 is associated with a lower chance of bankruptcy? (Please do not copy and paste from google)

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