You may not know Edward Altman, but he knows an awful lot about your business — like whether your company will be bankrupt in the next two years. In the 1960’s Altman developed a corporate finance formula that will accurately predict business bankruptcy more than 90% of the time. The formula, called Altman’s Z Score, needs just 8 numbers — and all of them can be found on your income statement or balance sheet.
How healthy is your business? Take the Z Score Test and find out for sure.Continue Reading » →