In: Finance
Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the company’s financial statements: |
Total assets | $81,000 |
EBIT | 7,200 |
Net working capital | 3,700 |
Book value of equity | 22,000 |
Accumulated retained earnings | 17,100 |
Sales | 95,000 |
The stock price of FMM is $24 per share and there are 5,300 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) |
Z-Score = ?