Altman Initially Developed the Z-Score Model for Publicly Traded Manufacturing

Altman initially developed the Z-score model for publicly traded manufacturing firms.Using financial statement data and multiple discriminant analysis,he found that:

A) in actual use,a Z-score greater than 2.99 implies bankruptcy within one year.
B) in actual use,a Z-score greater than 1.81 implied a 90 percent chance of bankruptcy within one year.
C) in actual use,a Z-score of less than 1.81 would predict bankruptcy within one year.
D) in actual use,a Z-score less than 2.99 meant non-bankruptcy within one year.
E) the lower the score the lower the chance of pending bankruptcy.

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