Assume the following information is given: Income statement Net sales sh. 200,000 Operating income 10,000 Balance sheet Current assets 95,000 Total assets 150,000 Current liabilities 80,000 Total...


Assume the following information is given:
Income statement
Net sales            sh. 200,000
Operating income               10,000


Balance sheet
Current assets                   95,000
Total assets                  150,000


Current liabilities                  80,000
Total liabilities                            125,000
Retained earnings                  25,000
 The market value of equity is sh. 300,000
Required:
Evaluate the credit worthiness of the borrower using Altman Z




Jun 08, 2022
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