(40 marks) Bankruptcy and Credit Risk Analysis: a. Using the 2019 Annual Report for Pier 1 Imports (available in BrightSpace) and any other source necessary, calculate the Altman Z score for the Company. For the stock market price needed in the calculation, use the market price of \$27.30. b. Pier 1 declared bankruptcy in February of 2020 . Was the Altman Z score from one year previous a good predictor in this case? Which factor in the formula seemed to have the greatest effect on your conclusion? c. Calculate the Altman Z score for Saputo as of it's 2021 fiscal year end. Does the score indicate a high bankruptcy risk? (you can use 37.79 as the share price for calculating market value) d. Using Exhibit 4.8 of your text, estimate a credit score for Saputo. What is your overall credit rating? Explain. (40 marks) Bankruptcy and Credit Risk Analysis: a. Using the 2019 Annual Report for Pier 1 Imports (available in BrightSpace) and any other source necessary, calculate the Altman Z score for the Company. For the stock market price needed in the calculation, use the market price of \$27.30. b. Pier 1 declared bankruptcy in February of 2020 . Was the Altman Z score from one year previous a good predictor in this case? Which factor in the formula seemed to have the greatest effect on your conclusion? c. Calculate the Altman Z score for Saputo as of it's 2021 fiscal year end. Does the score indicate a high bankruptcy risk? (you can use 37.79 as the share price for calculating market value) d. Using Exhibit 4.8 of your text, estimate a credit score for Saputo. What is your overall credit rating? Explain