444  15

()   
   

()   

0,45

,  
  

1,40

,  
  

1,30

1,20

0,25

1,10 -

1,0 -

0,05

0,90

0,80 -

-0,15

,    \
  

'    ,    \
    '

54321
   

0,60

54321
   

. 15.8.      ,
    

: William H. Beaver, Market Prices, Financial Ratios and the Prediction of Failure, Journal of
Accounting Research, 6, no. 2 (Autumn 1968), pp. 182, 185.

   Z-   1,8     -
  ,    Z-,    19.

15.5.3        

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