Question: Using a modified discriminant function similar to Altman's, Burger Bank estimates the following coefficients for its portfolio of loans: Z=1.4X1+1.09X2+1.5X3 where X1= debt to asset

Using a modified discriminant function similar to Altman's, Burger Bank estimates the following coefficients for its portfolio of loans: Z=1.4X1+1.09X2+1.5X3 where X1= debt to asset ratio: X2= net income and X3= dividend payout ratio. What is the Z-score if the debt to asset ratio is 40 percent, net income is 12 percent, and the dividend payout ratio is 60 percent

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