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Fair - to - Midland Manufacturing, Inc. ( FMM ) , has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst

Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the companys financial statements:
Total assets $111,000
EBIT 8,700
Net working capital 5,200
Book value of equity 37,000
Accumulated retained earnings 18,600
Sales 110,000
The stock price of FMM is $39 per share and there are 6,800 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g.,32.161.)

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