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Financial accounting analysis exercise find the solution for better understanding 6-3 3. WK: working capital; RE: retained earnings; EBIT: operating income; MVE; market value of
Financial accounting analysis exercise find the solution for better understanding 6-3
3. WK: working capital; RE: retained earnings; EBIT: operating income; MVE; market value of equity; TA: total assets. WK RE Z - score = [1.2* -] + [1.4* EBIT MVE ] + [3.3* TA Sales -]+[0.6* TA TA -]+[0.99* TL :] TA Consider the following financial statements of FCB company (albeit, truncated). Current assets Current Liabilities Total assets $21,398 $ 10,924 $37,074 Total liabilities Retained earnings EBIT $ 16,209 $ 15,998 $2,888 Number of shares outstanding Price per share 1,600 $ ?? Sales $ 14,072 Required: FCB's Z-score is 4.0. Find FCB's stock price per share. 10Step by Step Solution
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