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RBA Annual Conference – 2015
Equation (3)
K
Z
i
t
=
−
1.002
C
a
s
h
f
l
o
w
i
t
T
a
t
a
l
a
s
s
e
t
s
i
t
−
1
+
3.139
T
o
t
a
l
l
i
a
b
i
l
i
t
i
e
s
i
t
T
o
t
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a
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t
s
i
t
−
1
+
39.368
D
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d
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n
d
s
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t
T
o
t
a
l
a
s
s
e
t
s
i
t
−
1
−
1.315
C
a
s
h
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t
T
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t
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a
s
s
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t
s
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t
−
1
.
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