So, we will create a scale table in Excel to decide the parameters and then use it in an example. We will need three parameters to find the GPA ... the least needed to score a certain grade.

The Altman Z-score has become a reliable measure of calculating credit risk. One can calculate the Altman Z-score as follows: Altman Z-Score = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E Where: A = working ...