review jurnal zscore

8/18/2019 Review Jurnal ZScore

1/6

I. REVIEW JURNAL : ALTMAN Z-SCORE (1968) DAN

ZETA® MODEL (1978) SEBAGAI SUATU METODE

MEMREDI!SI !EBANG!RUTAN ERUSA"AAN

Altman Z-Score (1968)

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'5#*+'#*.

A4#* 2&,/# Altman Z-Score (&%+%*#/) #4#/#0 $5#+#% 5%':

!#*+#* :

X 1 = Working Capital / Total Assets,

Z-Score = 0,012X1 + 0,014X2 + 0,033X3 + 0,006X4 + 0.999X5


2/6

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X 2 = Retained Earnings / Total Assets,

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,#, *' ,*+%,5#*+% &#/ #'%# $#0##*.

X 3 = Earnings Before Interest and Taxes / Total Assets

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X = !arket "al#e of E$#it% / Book "al#e of Total &e't

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Zeta® Moel (19!8)

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3/6

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4/6

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olid ).


5/6

II. O!O! EMBA"ASAN SILABUS

1) A#'#0 financial distress

financial distress adalah suatu dimana cash flow operasi perusahaan tidak mampu menutupi

atau mencukupi kewajiban saat ini.

) A# 3#*+ #4% '%'# $#0##* ,*+#/#,% financial distress

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6/6

) Prepackaged bankruptcy.

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A4#* 2&,/# Altman Z-Score (&%+%*#/) #4#/#0 $5#+#% 5%':

!#*+#* :

X 1 = Working Capital / Total Assets,

X 2 = Retained Earnings / Total Assets,

X 3 = Earnings Before Interest and Taxes / Total Assets

X = !arket "al#e of E$#it% / Book "al#e of Total &e't

X ( = )ales/ Total Assets

!/#$%2%'#$% $#0##* 3#*+ $0# 4#* 5#*+' 4%4#$#'#* #4# *%/#% Z 3#*+

4%&/0 3#%:

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'$/%#* '#*+#* 4#* %$%'& %*++%.

5) *' *%/#% Z-S& #*## 181 $#,#% 67 ,#'# $#0##* 4%#*++# 5#4# #4#

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c) U*' *%/#% Z-S& /5%0 5$# 4#% 67 ,,5%'#* *%/#%#* 5#0# $#0##*

5#4# 4#/#, '#4##* 3#*+ $#*+# $0# $0%*++# ',*+'%*#* '5#*+'#* $#*+#

'%/ #4%

Z-Score = 0,012X1 + 0,014X2 + 0,033X3 + 0,006X4 + 0.999X5

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