The following information is available for GameStop for the three years ending December 31, 2021 (dollars in millions).

Required:
A. Using the information provided, use Altman’s bankruptcy model (described in the chapter) and estimate the likelihood of bankruptcy in each of the last three years. Is the likelihood of bankruptcy using this model increasing, decreasing, or staying relatively constant?
B. Using all the information provided above, are there good or bad signs that might or might not indicate bankruptcy?

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Current Assets Total Assets Current Liabilities Long-term debt Total Liabilities Retained Earnings Sales/Revenues Earnings (loss) before interest and taxes Cash from operation Market value of equity 1/30/2021 1,551.2 2,472.6 1,342.7 216.0 2,035.9 474.9 5,089.8 (269.9) 123.7 244.4 2/1/2020 1,633.7 2,819.7 1,237.7 419.8 2,208.2 611.5 6,466.0 (426.8) (414.5) 330.2 12/30/2019 3,127.7 4,044.3 2,181.1 471.6 2,708.1 1,362.7 8,285.3 (753.1) 325.1 1,500.0