The following financial statements are provided by Kaka-Linda Company limited.

As at 30^th December 2021

	Ksh.'000'		Ks.'000'
Assets		capital
Non-current Assets;		Ordinary share capital of sh. 100 each	100,000
land	200,000	10% preference share capital of sh. 50@	50,000
Plant and equipment	90,000	Share premium	40,000
Furniture and fittings	20,000	Retained profits	60,000
Motor vehicles	18,000
computers	2,000	No-current liabilities
Total non-current assets	330,000	Mortgage	60,000
		Debentures	20,000
Current Assets
inventories	8,000	Current liabilities;
Trade receivables	6,000	Notes payable	10,000
Bank and cash	1,000	Accounts payable	5,000
Total current assets	15,000
Total assets	345,000	Total capital and liabilities	345,000

Statement of financial performance for the year ending 31^st December, 2021

	Ksh.'000'
sales	300,000
Cost of sales	180,000
Gross profit	120,000
Selling and administration expenses	90,000
Earnings before interest and tax	30,000
interest	10,000
Earnings before tax	20,000
Taxes at 30%	6,000
Net income	14,000

Required

1. Compute Altman's Z' score and interpret it (3 marks)
2. Using Springate model, compute the Z score and interpret (2marks)