Mad @ Mgmt

with Walter Simson

August 2011

The Turnaround Assessment Test


The Turnaround Assessment Test

In 1968, Edward I. Altman formulated a simple, path-breaking scoring mechanism that could predict, with high confidence, the probability that any one corporation would enter bankruptcy within two years. He called the mechanism the Z score and, by publishing in academic journals, allowed it to enter the public domain.

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