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E4-27. Compute and Interpret Z-scores Following is selected financial information for Procter & Gamble Co. and Kimberly-Clark from their fiscal 2019 financial statements. S millions

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E4-27. Compute and Interpret Z-scores Following is selected financial information for Procter & Gamble Co. and Kimberly-Clark from their fiscal 2019 financial statements. S millions Working capital. Retained earings Earnings before interest and tax. Market value of equity Sales.... Total assets Total liabilities. Procter & Gamble Kimberly-Clark $. (7,538) $ (1.862) 94,918 6,686 5,487 2.991 274.646 46,966 67,684 18,450 115,095 15,283 67,516 15,089 a. Compute and compare the Altman Z-scores for each company, b. Is either company likely to go bankrupt in the short term? Explain

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