Question
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
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 $93,000 EBIT 7,800 Net working capital 4,300 Book value of equity 28,000 Accumulated retained earnings 17,700 Sales 101,000 The stock price of FMM is $30 per share and there are 5,900 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.) Z-score
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