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 $85,000 EBIT 7,400 Net working capital 3,900 Book value of equity 24,000 Accumulated retained earnings 17,300 Sales 97,000 The stock price of FMM is $26 per share and there are 5,500 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
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 85,000 7.400 3,900 24,000 17,300 97,000 The stock price of FMM is $26 per share and there are 5,500 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-scoreStep by Step Solution
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