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Excerpts taken from the financial statements of Smothers, Inc. are as follows: From the balance sheet, current assets of $390 million and total assets of
Excerpts taken from the financial statements of Smothers, Inc. are as follows: From the balance sheet, current assets of $390 million and total assets of $1,000 million, and current liabilities of $188 million, total liabilities of $527 million, and retained earnings of $242 million. From the income statement, sales of $1,148 million, operating income (EBIT) of $348 million, and net income of $102 million. The company also has 25 million shares of common stock outstanding, which are valued at $38.62 per share. What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00. The common stock of KRJ Enterprises is currently selling for $23.01 per share. Last year the company reported total earnings of $372 million and there were 200 million shares of common stock outstanding. The common stock account is valued at $31 million, additional paid-in capital is $57 million, and retained earnings is $355 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.)
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