Question
In: Finance
Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the...
|
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 = ?
Solutions
jeff jeffy answered 5 months agoRelated Solutions
Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the...
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 $109,000 EBIT 8,600 Net working capital 5,100 Book
value of equity 36,000 Accumulated retained earnings 18,500 Sales
109,000
The stock price of FMM is $38 per share and there are 6,700
shares outstanding.
What is the Z-score for this company? (Do not round intermediate
calculations and round...
Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the...
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 $107,000 EBIT 8,500 Net working
capital 5,000 Book value of equity 35,000 Accumulated retained
earnings 18,400 Sales 108,000 The stock price of FMM is $37 per
share and there are 6,600 shares outstanding. What is the Z-score
for this company? (Do not round intermediate calculations and round...
Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the...
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
$111,000
EBIT
8,700
Net working capital
5,200
Book value of equity
37,000
Accumulated retained earnings
18,600
Sales
110,000
The stock price of FMM is $39 per share and there are 6,800
shares outstanding. What is the Z-score for this company?
(Do not round intermediate calculations...
Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the...
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
$83,000
EBIT
7,300
Net working capital
3,800
Book value of equity
23,000
Accumulated retained earnings
17,200
Sales
96,000
The stock price of FMM is $25 per share and there are 5,400
shares outstanding. What is the Z-score for this company?
(Do not round intermediate calculations...
Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the...
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
$115,000
EBIT
8,900
Net working capital
5,400
Book value of equity
39,000
Accumulated retained earnings
18,800
Sales
112,000
The stock price of FMM is $41 per share and there are 7,000
shares outstanding. What is the Z-score for this company?
(Do not round intermediate calculations...
Problem 30-3 Z-Score Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank....
Problem 30-3 Z-Score 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 $115,000 EBIT
8,900 Net working capital 5,400 Book value of equity 39,000
Accumulated retained earnings 18,800 Sales 112,000 The stock price
of FMM is $41 per share and there are 7,000 shares outstanding.
What is the Z-score for this company? (Do not round intermediate...
Ms. Caterina Weldon has applied for a loan from a local bank and the bank has...
Ms. Caterina Weldon has applied for a loan from a local bank
and the bank has agreed to extend to her a personal loan of $
1,500,000/= over a period of 21/2 years. This
loan will be repaid in monthly installments at the end of each
month over the loan period. The proposed interest rate is 14.5%
p.a.
Required:
Prepare a loan repayments schedule for
Ms. Matemo’s loan indicating:
The Model Drivers
The constant payment
Interest payment
Principal payment,...
1. Sheridan Service has a line of credit loan with the bank. The initial loan balance...
1. Sheridan Service has a line of credit loan with the bank. The
initial loan balance was $8000.00. Payments of $3000.00 and
$4000.00 were made after three months and eight months
respectively. At the end of one year, Sheridan Service borrowed an
additional $4500.00. Seven months later, the line of credit loan
was converted into a collateral mortgage loan. What was the amount
of the mortgage loan if the line of credit interest was 7%
compounded monthly?
2. A variable...
. Baker & Co. has applied for a loan from Trust Bank in order to invest...
. Baker & Co. has applied for a loan from Trust Bank in
order to invest in several potential opportunities. In order to
evaluate the firm as a potential debtor, the bank would like to
compare Baker & Co. to the industry.
An analyst from the Bank had complied the following ratios for
two consecutive years 2008 and 2009 for Baker & Co. The results
are given below.
2009
2008
Industry Avg 2009
Current Ratio
4.3 x
5.7x
5.0x
Acid...
Gale & Co. has applied for a loan from the Trust Us Bank in order to...
Gale & Co. has applied for a loan from the Trust Us Bank in
order to invest in several potential opportunities. In order to
evaluate the firm as a potential debtor, the bank would like to
compare Gale & Co. to the industry. The following are some key
financial ratios
2016
2017
Industry Norm(2017)
Current
Ratio
4.3X
5.7X
5.0X
Quick
Ratio
2.1X
2.8X
3.0X
Inventory
Turnover
1.0X
1.3X
2.2X
Average Collection
Period
90days
78.3days
90days
Debt
Ratio
33%
28% ...
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