QUESTION 11 The following information is given for Ford for 2001 (in millions): Ford's Bond Ratings Ford Altman's Z-score Model 6.56 x working capital / total assets $37,833 Moody's: A1 Total current assets Total current liabilities 43,327 Standard & Poors': A 3.26 x retained earnings /total assets 6.72 x EBIT /total assets Total assets 284,421 Retained earnings 1.05 x BV of equity / BV of debt 17,884 Earnings before tax 8,234 = Z-score Interest expense 9,519 Failing: below 1.1 Total stockholders' equity 18,610 Gray: 1.1-2.6 Total liabilities 265,138 Healthy: above 2.6 Altman's retained earnings Z-score calculation for Ford is: a. .205 b.-.127 c. -.107 d. .416 QUESTION 12 Following Question 11, the Z-score for Ford is: a. 571 b.1.571 C. .873 Od. 347