Following are selected ratios for JetBlue Airways for two recent fiscal years. Ratio 2010 2009 Current...

  

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Following are selected ratios for JetBlue Airways for two recent fiscal years. Ratio 2010 2009 Current ratio 1.253 1.326 Working capital to total assets 0.045 0.055 Retained earnings to total assets 0.033 0.019 EBIT to total assets 0.055 0.043 Market value of equity to total liabilities 0.390 0.035 Sales to total assets 0.712 0.555 Compute and interpret Altman Z-scores for the company for both years.(Do not round until your final answer; then round your answers to two decimal places.) Following are selected ratios for JetBlue Airways for two recent fiscal years. Ratio 2010 2009 Current ratio 1.253 1.326 Working capital to total assets 0.045 0.055 Retained earnings to total assets 0.033 0.019 EBIT to total assets 0.055 0.043 Market value of equity to total liabilities 0.390 0.035 Sales to total assets 0.712 0.555 Compute and interpret Altman Z-scores for the company for both years.(Do not round until your final answer; then round your answers to two decimal places.)

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Z Score will help us to find if the company is headed towards bankruptcy or not Z s... View the full answer