roblem 30-3 Z-Score

Fair-to-Midland Manufacturing, Inc., (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.)

Z-score