8Fitzpatrick(1932) ,"A comparison of ratios of successful industrial enterprises with those of failed firms ", Certified public accountant , 1932, Oct.
9Beaver, W. H. (1966) ," Financial Ratios as Predictors of Failure", Journal of Accounting Research, Vol. 4.
10Aziz,A. , D. C. Emanual & G. H. Lawson (1988) ," Bankruptcy prediction-an investigation of cash flow based model", Journal of Management Studies, 1988,25,419 - 437.