Consider the following data of a prospective borrower.

Current Assets	490,300
Fixed Assets	4,006,000
Total Assets	4,496,300
Current Liabilities	187,300
Long term Liabilities	3,000,100
Liabilities	3,187,400
Book value of Equity	1,308,900
Working Capital	500,000
Sales	8,000,000
EBIT	500,000
Retained Earnings	65,000
Number of shares	100,000
Price per share	18

Applying Altmans Z score. What is this companys Z score (round to two decimals)?

Select one:

a.

2.64

b.

3.21

c.

3.18

d.

2.53

e.

3.83