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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

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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 company's financial statements: Total assets EBIT Net working capital Book value of equity Accumulated retained earnings Sales $115,000+ 8,900 5,400 39,000 18,800- 112,000+ The stock price of FMM is $41 per share and there are 7,000 shares outstanding. What is the Z-score for this company? (Clearly show All your calculations. Note, this is a publicly listed company so you should use the Z-score for a publicly traded company). Click here to enter text

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