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How may we predict bankruptcy? (Business Credit Selected Topic).(Brief Article)
A word seldom heard in the mid-20th Century, but increasingly heard in the late 20th Century, and blaring in the early 21st Century
BANKRUPTCY!
How may we be aware of this potential hazard for employees, lenders, investors and trade creditors--each of which become victimized in essentially every bankruptcy filing?
The initial Approach
* Begin with the financial data as presented (year by year) noting whether it is:
* audited, with an unqualified or qualified opinion, or
* unaudited: reviewed, compiled, trial balance data
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