>a1:"  MULTIPLE DISCRIMINANT ANALYSIS
>a1:\jcr
>e1:\wc10
>e1:\jcr
>a2:"  ------------------------------
>a3:"    Statistical technique for distinguishing
>a4:"  between two series on the basis of their
>a5:"  observed characteristics.
>a6:"    Serves to distinguish between firms headed
>a7:"  for bankruptcy and those on solid financial
>a8:"  ground.
>a10:"  EBIT
>d10:3.300000000000E+01
>a11:"  Total Assets
>d11:1.330000000000E+02
>e11:=3.3*(d10/d11)@
>a12:"  Total Sales
>d12:4.410000000000E+02
>e12:=d12/d11@
>a13:"  Market Value of Equity
>d13:1.820000000000E+02
>e13:=.6*(d13/d14)@
>a14:"  Book Value of Debt
>d14:1.100000000000E+01
>e14:=1.4*(d15/d11)@
>a15:"  Retained Earnings
>d15:1.400000000000E+01
>e15:=1.2*(d18/d11)@
>a16:"  Current Assets
>d16:1.080000000000E+02
>e16:"-------
>a17:"  Current Liabilities
>d17:5.200000000000E+01
>e17:=sum(e11:e15)@
>f17:" = Z
>a18:"  Working Capital
>d18:=d16-d17@
>e18:"=======
>a20:"    If Z is less than 2.70 this indicates a strong 
>a21:" likelihood the firm is headed for bankruptcy.
>a22:" 
>b22:" 
>a23:"  E.I. Altman, "Financial Ratios, Discriminant Analysis
>a24:" and the Prediction of Corporate Bankruptcy," Journal
>a25:" of Finance, 23: 589-609 (September 1968).
>a1