Please provide a written out by hand solution for the above example. 6 points)...
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Please provide a written out by hand solution for the above example.
6 points) Given the financial statements of the Lehman Brothers Inc in 2007, calculate the Assets Turns, Current Ratio. Leverage Ratio, Return on Equity, and determine its bankruptcy risk using Altman's Z-score Lehman Brothers BALANCE SHEET Lehman Brothers INCOME STATEMENT Current Year ASSETS Current Assets Fixed Assets and Other Assets Totalssets 195 486 733 196 219 Revenue Cost of Good Sold Net Revenue Overhead Profit before Tax Income Tax Net Income 12,124 8,197 3927 2,981 946 206 140 189.556 3511 193.067 LABILITIES Current Liabilities Longterm Liabilities Total Liabilities OWNER'S EQUITY Contributed Capital Retained Earnings Total Equity Total Liabilities and Equity 1,738 1.414 3152 196 219
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