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Problem 30-3 Z-Score Fair-to-Midland Manufacturing, Incorporated (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has
Problem 30-3 Z-Score
| Fair-to-Midland Manufacturing, Incorporated (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the companys financial statements: |
| Total assets | $ 83,000 |
|---|---|
| EBIT | 7,300 |
| Net working capital | 3,800 |
| Book value of equity | 23,000 |
| Accumulated retained earnings | 17,200 |
| Sales | 96,000 |
| The stock price of FMM is $25 per share and there are 5,400 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) |
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The ABCs Of Getting Out Of Debt Turn Bad Debt Into Good Debt And Bad Credit Into Good Credit
Authors: Garrett Sutton
2nd Edition
9781937832070, 978-1937832070
