One test of Altman's Z-score in Australia found that its success at predicting financial distress was:

Question

Quizplus · Accepted Answer

Studies conducted outside of the United States, including in Australia, have generally found that while Altman's Z-score is a useful tool for predicting financial distress, its accuracy can be lower than in Altman's original study. This is due to differences in accounting standards, financial practices, and economic conditions across countries.

One Test of Altman's Z-Score in Australia Found That Its