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Refer to the following information in the table below Current Assets $130,000,000 Non Current Assets $350,000,000 Current Liabilities $ 80,000,000 Non Current Liabilities $170,000,000 Earnings

Refer to the following information in the table below

Current Assets

$130,000,000

Non Current Assets

$350,000,000

Current Liabilities

$ 80,000,000

Non Current Liabilities

$170,000,000

Earnings Before Interest and Tax

$ 80,000,000

Retained Earnings

$ 150,000,000

Sales

$300,000,000

This company also has 90 million shares issued with a current price of $5 each.

  1. Calculate the Altman's Z - score given the following table of data.

  1. Interpret your calculated Z - score and comment on whether a lender would reject a loan in this case.

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