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RBA Annual Conference – 2015
Equation (2)
Z
i
t
=
0.7
W
o
r
k
i
n
g
c
a
p
i
t
a
l
i
t
T
o
t
a
l
a
s
s
e
t
s
i
t
+
0.85
R
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n
g
s
i
t
T
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s
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s
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+
3.1
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before
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d
t
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s
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t
s
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t
+
0.4
T
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s
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+
S
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.
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