Calculate the Z-score of the firm that has the following ratios: Working capital/total assets = 0.34 Retained

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Calculate the Z-score of the firm that has the following ratios:

Working capital/total assets = 0.34

Retained earnings/total assets = 0.15

EBIT/total assets = 0.00

Market value equity/book value of long-term debt = 0.80

Sales/total assets = 1.6

Round your answer to 2 decimal places.

For example, if your answer is 5.689, write down 5.69

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Jun 20, 2022 03:31 AM

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Calculate the Z-score of the firm that has the following ratios: Working capital/total assets = 0.34 Retained

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Expert Answer:

Z score is 270 ALTMAN Z SCORE x1 Working Capital Current ... View the full answer

Advanced Accounting

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