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The Z-score formula for predicting bankruptcy was published in 1968 by Edward I Altman The original Z-score formula was as follows: Z = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5. X1 = working capital / total assets. Measures liquid assets in relation to the size of the company. X2 = retained earnings / total assets. Measures profitability that reflects the company's age and earning power. X3 = earnings before interest and taxes / total assets. Measures operating efficiency apart from tax and leveraging factors. It recognizes operating earnings as being important to long-term viability. X4 = market value of equity/book value of total liabilities. Adds market dimension that can show up security price fluctuation as a possible red flag. X5 = sales / total assets. The standard measure for total asset turnover (varies greatly from industry to industry).
Which of the following is a deemed decree?
What is the time period within which the liquidator should communicate his decision of admission or rejection of claims to the creditor and corporate de...
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Export Inspection Council was set up under Section ………. Of Export (Quality Control and Inspection) Act, 1963
If a consumer dispute gets settled through mediation then it shall be finally disposed by:
