Question: bankruptcy risk and zscore analysis following are selected ratios for...
Bankruptcy Risk and Z-Score Analysis
Following are selected ratios for JetBlue Airways for two recent fiscal years.
|Working capital to total assets||(0.069)||(0.104)|
|Retained earnings to total assets||0.258||0.194|
|EBIT to total assets||0.138||0.141|
|EBITDA to total assets||0.180||0.181|
|Market value of equity to total liabilities||1.380||1.342|
|Sales to total assets||0.699||0.742|
Compute and interpret Altman Z-scores for the company for both
years. (Do not round until your final answer; then round your
answers to two decimal places.)
2016 z-score = _____
2015 z-score = _____