What is the most important factor determining bankruptcy, according to the Altman Z-score model?
A. Working capital to assets ratio.
B. Retained earnings to assets ratio.
C. Earnings before interest and taxes to assets ratio.
D. Market value of equity to book value of long-term debt ratio.
E. Sales to assets ratio.
Ans: C. Earnings before interest and taxes to assets ratio.
Business
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Which of the following is an appropriate conclusion that can be drawn when the internal auditor identifies an observation from testing controls?
a) Certain risks are not effectively mitigated. b) The area may be vulnerable to fraud c) The process objectives cannot be achieved. d) Overall, the process is not operating effectively.
Business
Describe the backward research process
What will be an ideal response?
Business