Altman's revised model for private firms and non-manufacturers predicts bankruptcy when the computed value is:

Question

Quizplus · Accepted Answer

Altman's revised model for predicting bankruptcy in private firms and non-manufacturers indicates a firm is at risk of bankruptcy when its Z-score is less than 1.23. This threshold is specific to the revised model, which takes into account the different financial structures and variables relevant to private firms and non-manufacturing entities.

Altman's Revised Model for Private Firms and Non-Manufacturers Predicts Bankruptcy