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What is the altman discriminant function value for mkl inc

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MKL Inc., a publicly traded manufacturing firm, has provided the following financial information in its application for a loan.

Assets$Liabilities and equity$Cash50Accounts payable30Accounts receivables130Notes payable90Inventory140Accruals110 Long-term debt140Plant and equipment600Equity550Total assets920Total liabilities and equity920

Also assume sales = $450, cost of goods sold = $350, taxes = $56, interest payments = $40 and net income = $44; the dividend payout ratio is 35 per cent and the market value of equity is equal to the book value.

What is the Altman discriminant function value for MKL Inc.?

Reference no: EM132499316

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