Bankruptcy Risk and Z-Score Analysis

Following are selected ratios for Logitech International SA for the companys 2019 fiscal year.

Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.

in thousands (except price per share and shares outstanding)
Current assets	$1,350,436	EBIT	$263,194
Current liabilities	$552,721	Total liabilities	$652,794
Total assets	$1,558,575	Sales revenue	$2,147,008
Retained earnings	$1,365,036	Shares outstanding	165,862,887
Price per share	$39.34

Compute and interpret the Altman Z-score.

Note: Convert shares outstanding to "in thousands" for your computation.

	Z-score
	Answer