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Home Q & A Board Science-Related Homework Help Forensic Science
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PorterOlaph PorterOlaph
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6 years ago
Arcket, Inc. is a publicly traded nonmanufacturing company. The following information is available from its financial statements:

Net working capital   $200,000
Retained earnings   $125,000
Earnings before Interest and taxes   $375,000
Market value of equity   $1,015,000
Book value of total debt   $1,750,000
Total assets   $2,500,000
Sales   $1,500,000

Calculate and interpret the Altman's Z-score for Arcket, Inc.
A) 1.6084; Bankrupt
B) 2.312; Zone of ignorance
C) 1.40816; Zone of ignorance
D) 2.9108; Non-bankrupt
Textbook 
Forensic Accounting

Forensic Accounting


Edition: 1st
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discovrndiscovrn
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PorterOlaph Author
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#2
6 years ago
A+ for the explanation & answer Slight Smile

PorterOlaph 1
Physics 0

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