Financial Data for Tribune Company and Washington Post (amounts in millions except per share amounts) Tribune Company Washington Post 2007 2006 2007 2006 Sales $ 5,063 $ 5,444 $ 4,180 $ 3,905 EBIT $ 619 $ 1,085 $ 505 $ 544 Net Income (Loss) $ 87 $ 594 $ 289 $ 324 Current Assets $ 1,385 $ 1,346 $ 995 $ 935 Total Assets $13,150 $13,401 $ 6,005 $ 5,381 Current Liabilities $ 2,190 $ 2,549 $ 1,013 $ 812 Total Liabilities $16,664 $ 9,081 $ 2,543 $ 2,222 Retained Earnings (Deficit) $(3,474) $ 3,138 $ 4,330 $ 4,120 Common Shares Outstanding 239 307 10 10 Market Price per Share $ 45.04 $ 58.69 $759.25 $711.53 Required a. Compute Altman's Z-score for Tribune Company and Washington Post for fiscal 2006 and 2007. b. How did the bankruptcy risk of Tribune Company change between fiscal 2006 and 2007? Explain. c. How did the bankruptcy risk of Washington Post change between fiscal 2006 and 2007? Explain. d. Using the analysis from Parts b and c, would you have predicted the Tribune Company or the Washington Post Company to file bankruptcy? Explain