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Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $572 million, total
Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $572 million, total assets of $1,077 million, current liabilities of $364 million, total liabilities of $882 million, and total equity of $585 million, which includes retained earnings of $670 million. From the income statement, sales of $1,368 million, operating income (EBIT) of $366 million, and net income of $112 million. The company has 25 million shares of common stock outstanding, which are valued at $28.6 per share. What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00
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