Oxelheim, Lars (contributor); Wihlborg, Clas (contributor) - 2008
Euro-
area, Japan and the USA. In addition, UK, Australian and Brazilian price variables are
included for Ford, because …:
(6) Z-score = .012X
1
+ .014X
2
+ .033X
3
+ .006X
4
+ .999X
5 … Finance, 23 (1968), pp 589-609.
11
Where X
1
= Working capital / Total assets
X
2
= Retained Earnings / Total assets …