Question
Consider the following financial statements of FCB company (albeit, truncated). Current assets $21,398 Current Liabilities $ 10,924 Total assets $37,074 Total liabilities $ 16,209 Retained
Consider the following financial statements of FCB company (albeit, truncated).
Current assets $21,398
Current Liabilities $ 10,924
Total assets $37,074
Total liabilities $ 16,209
Retained earnings $ 15,998
EBIT $2,888
Number of shares outstanding 1,286
Price per share $ ??
Sales $ 14,072
a.FCBs Z-score is 4.0 . Find FCBs stock price per share.
b.Another company, called REAL, a competitor of FCB, has the same variables and numerical values as that of FCB except for its stock price per share, which is $28 per share. Compute the Z-score of REAL and assess REALs bankruptcy situation.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started