IBMRD's Journal of Management & Research

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The Altman Z score is a useful instrument for determining a company's financial strength and bankruptcy risk. The Z score method has been used the study to assess the financial stability of the sun pharmaceutical industries. The ten-year financial data was used to examine both the unique and emerging market formulations of the Altman Z score. This result serves as a welcome signal for internal and external financial statement users in planning and decision-making. The Z score model can aid management in developing effective strategies for future resource control and management.

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