GM Financial Information (year-end 2004) Current assets $ 55,515,000 Current liabilities $ 74,894,000 Retained earnings $ 14,425,000 Total assets $ 482,027,000 Total liabilities $ 451,883,000 Shares outstanding 565,100,300 Share price $ 29.31 Sales $ 193,516,000 EBIT $ 1,195,000 All values in thousands except share price and shares outstanding.

1.Compute the Z score for General Motors Corporation given the information above for year-end 2004. Round your answer to four decimal places.

2. At what share price would GM have a Z score equal to 3.00? Round your answer to the nearest cent.

3. Based on its Z score, is GM likely to go bankrupt in the near future?