Q1. Green Ray Inc. has a Total Assets of $95,000 and Current Assets of $7,250 in its Balance Sheet. Liabilities contains a short-term debt of $2,500. Book value of the equity is $21,500. As for the Income Statement, it had a revenue of $83,000 in last year and this revenue has increased by 17% in current year. Operating Expenses and Cost of Goods Sold are $63,800 and $22,750, respectively. If the current share price is $19.7 and shares outstanding is 7,500, evaluate the bankruptcy of the company as per Z score of Altman's model. Show your steps in your solution. (50 MARKS)