benny is the CFO of a company which manufactures custom car parts. The company, which started as a local car shop, has evolved into a regional product provider. Benny has been part of the team since he gained his BBA degree and has helped the company manage the success it acquired. With the recent credit market situation, Benny wants to make sure his company will be able to meet the financial obligations it has committed to. Benny decides to calculate for the Altman Z Score; manufacturing has been hit hard enough that he feels he has to. With this decision, he begins assembling company financial reports to find the factors of the Altman Z Score equation as they relate to his company. Benny collected the information below; Working Capital =sh1,000,000 Retained Earnings =sh1,000,000 Operating Income =sh700,000 Market Value of Equity = sh700,000 Book Value of Total Liabilities = sh 1,700,000 Sales =sh2,000,000 Total Assets =sh3,000,000 Required Using Altman Z-score model, evaluate the viability of the organization. NB Use the formula in the course notes. a. The company is considered 'Safe' based on the financial figures only. b. There is a good chance of the company going bankrupt within the next 2 years of operations. c. There is a high probability of distress of the company within the current period of operations