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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 and round your answer to 3 decimal places, e.g., 32.161.)

  

  Z-score   

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Z

jeff jeffy answered 10 months ago
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