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Jane Anderson, a credit analyst at the Secure Trust Bank, has received a credit application from TechWise Solutions, Inc., a private company. An abbreviated portion
Jane Anderson, a credit analyst at the Secure Trust Bank, has received a credit application from TechWise Solutions, Inc., a private company. An abbreviated portion of the financial information provided by the company is shown below.
Total assets $65,000
EBIT 8,100
Net working capital 4,400
Book value of equity 20,000
Accumulated retained earnings 16,200
Total liabilities 59,000
What is the appropriate Z-score for TechWise?
Round the answer to two decimals. For example, type 1.24 for a 1.2345 value.
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