Posted by: Scott Graulich
NEW YORK (Reuters) - U.S. companies in the airline, automobile, television and publishing industries are about four times more likely to file for bankruptcy in the next year than companies in other industries, according to a study.
The study by Audit Integrity, which usually analyzes accounting risks, used a quantitative model to track liquidity, debt levels, profitability, market prices and governance and fraud risk measures at more than 2,500 companies.
Besides the airline industry and auto industry, the major department stores like Macy's are in severe danger of filing for Chapter 11 within the next year. American consumers are still not heading to the department stores due to their own budget cuts and nervousness over the economic downfall.
ReplyDelete-Andrew Pia