Question: Flash Inc reports 2 million in net working capitals, 3 million in retained earnings, 10 million in EBIT. Total Tiabilities are given as 24 million.
Flash Inc reports 2 million in net working capitals, 3 million in retained earnings, 10 million in EBIT. Total Tiabilities are given as 24 million. Currently shares are traded at 2 and there are 10 million shares outstanding, Total revenues is 30 million and total assets is given as 60 million. 1. Predict the level of financial stress based on Altman's Z-scores. ii. An Altman's Z-score below 2 can signal about bankruptcy. What is your conclusions for Flash Inc
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
