ABC company has applied for a loan and provided the following balance sheet information. All figures are in thousands. Assets Cash Accounts receivable Inventory $100 450 450 Liabilities and Equity Accounts payable Notes payable Accrued Taxes Long-term bonds Equity Total $ 150 450 150 750 2000 $3500 Plant and machinery Total 2500 $3500 Other Data: Sales = $2,500; Cost of goods sold = $1,800; Retained earnings = 110 The market value of equity = its book value. A. Calculate Altman Z-score for this firm? I B. Based on the Z-score, should the bank approve ABC's application for the loan? Why or Why not? C. What are the main advantages and disadvantages of this approach to risk evaluation