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Given the financial statements, calculate the profit margin, leverage multiplier, quick ratio, account received payable period in 2009, and determine its bankruptcy risk in 2009

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Given the financial statements, calculate the profit margin, leverage multiplier, quick ratio, account received payable period in 2009, and determine its bankruptcy risk in 2009 using Altman's Z-score. You must show work to receive full credit on this question. 2009 Balance Sheet as of December 31 2007 is sets Cash S 2,000 S Accounts receivable 3,000 Income Statement Year Ending December 31 2007 2009 Sales S 12,000 S 19,000 Cost of good sold 7,200 12,000 Depreciation expense 1,200 1,500 Selling & General Administrative expense 700 1,000 Interest expense 1,300 1,200 Income before taxes S 1,600 S 3,300 Income tax expense 700 1,440 Vet Income S 900 S 1,860 2,200 3,300 Inventory Current assets Fixed assets at cost Accumulated depreciation Met fixed assets Total assets 4,000 S 9,000 S 22,000 (9,000) 13,000 S 22,000 S 4,200 9,900 24,300 (10 500 13,800 23,700 S S Liabilities and Equin Accrued expenses Accounts payable Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 1,600 S 2,400 4,000 S 15,000 2.000 1,000 22.000 S 1,760 2,640 4,100 15,004 2.300 1.996 23,700 S

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