the altman z score model

2. Cellulon, a manufacturer of home insulation, has been doing business with the private manufacturing firm, Palmer's Distributors for several years, but information has surfaced that Palmer's Distributors is experiencing financial problems. As such, Cellulon has decided to perform a bankruptcy analysis of Palmer's, and has collected financial data on the company. Those data appear on the Income Statement and Balance Sheet below. laboratory, it varied the insulation thickness and temperature. Required: Use Altman's Z-score model to determine the bankruptcy outlook of Palmer's Distributors, and advise Cellulon of your findings. Balance Sheet 2018 CUFRENTASSETS: Cash and cash equivalents Accounts receivable, net of allowance for doubtul accounts of \$12,992 and $13,278, respectively Invertories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Goodwill Identfiable intangibles, net Other assets Total assets ASSEIS CURRENT UABUIES: UABUMESAND SHAREHOUDERS EQUIY Short-term debt Accounts payable Accrued liabilities Total current liabilities Long-term debt Deferred income taxes and tax uncertainfies Total liabilities CONMITMENTSANDOONTNGENCIES SHARE CUDERSEOUTY Retained earnings Aocumulated other comprehensive loss Class A freasury stock, at cost, 9,207,635 and 8,972,729 shares, respectively Total shareholders' equity Total liabilities and shareholders' equity Altman Z-Score 39. introduction Z-Score Template