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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.
- Calculate the Altman's Z - score given the following table of data.
- Interpret your calculated Z - score and comment on whether a lender would reject a loan in this case.
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