The objectives of this study is to predict bankruptcy by applying the Altman Z-Score method to telecommunication companies listed on the Indonesia Stock Exchange. The data used in this study are secondary data published on the Indonesia Stock Exchange in the year 2009-2011. This research uses quantitative research with descriptive analysis method. This research used company financial report to analyze. Based on application of Altman Z-Score method, the results of the four telecommunication companies shows that three of them indicated bankrupt for three consecutive years and one company indicated bankrupt for last two years. Keywords: Financial Report, Z-Score, Bankruptcy
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