altman z-score model

2. Cellulon, a manufacturer of home insulation, has been doing business with the private manufacturing firm, Palmer's Distributors for several years, but information has surfaced that Palmer's Distributors is experiencing financial problems. As such, Cellulon has decided to perform a bankruptcy analysis of Palmer's, and has collected financial data on the company. Those data appear on the Income Statement and Balance Sheet below. laboratory, it varied the insulation thickness and temperature. Required: Use Altman's Z-score model to determine the bankruptcy outlook of Palmer's Distributors, and advise Cellulon of your findings. Balance Sheet 2018 ASSEIS CURRENT ASSETS: Cash and cash equivalents Accounts receivable, net of allowance for doubtful accounts of $12,992 and $13,278, respectively Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Goodwill Identifiable intangibles, net Other assets Total assets UABIUITIES AND SHARE HOLDERS' EQUITY CURRENT LIABILITIES: Short-term debt Accounts payable Accrued liabilities Total current liabilities Long term debt Deferred income taxes and tax uncertainties Total liablities COMMITMENTS AND CONTINGENCIES SHAREHDLDERS EQUITY Retained eamings Accumulated other comprehensive loss Class A treasury stock, at cost, 9,207,635 and 8,972,729 shares, respectively Total shareholders' equity Total liabillities and shareholders' equity. Altman Z-Score