Following are selected ratios for Logitech International SA for the company’s 2016 and 2015 fiscal years....
Following are selected ratios for Logitech International SA for the company’s 2016 and 2015 fiscal years. Compute and interpret Altman Z-scores for both years.
| Ratio | 2016 | 2015 | ||||
|---|---|---|---|---|---|---|
| Working capital to total assets | 0.474 | 0.478 | ||||
| Retained earnings to total assets | 0.816 | 0.740 | ||||
| EBIT to total assets | 0.097 | 0.108 | ||||
| Market value of equity to total assets | 1.840 | 1.405 | ||||
| Market value of equity to total liabilities | 4.469 | 3.124 | ||||
| Sales to total assets | 1.524 | 1.405 |
Round answers to three decimal places.
| Year | Z-score |
|---|---|
| 2016 | |
| 2015 |
Homework Answers
| Year | Z - Score | ||||
| 2016 | 6.237 | ||||
| 2015 | 5.245 | ||||
| Workings: | |||||
| Ratio | 2016 | 2015 | |||
| (i) | (ii) | (i) X (ii) | (iii) | (i) X (iii) | |
| Working capital to total assets | 1.2 | 0.474 | 0.569 | 0.478 | 0.574 |
| Retained earnings to total assets | 1.4 | 0.816 | 1.142 | 0.740 | 1.036 |
| EBIT to total assets | 3.3 | 0.097 | 0.320 | 0.108 | 0.356 |
| Market value of Equity to total liabilities | 0.6 | 4.469 | 2.681 | 3.124 | 1.874 |
| Sales to total assets | 1 | 1.524 | 1.524 | 1.405 | 1.405 |
| Z - Score | 6.237 | 5.245 | |||
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Following are selected ratios for Logitech International SA for
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