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Trying to find Z Score... answer to this is NOT 3.593 Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon

Trying to find Z Score... answer to this is NOT 3.593

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 $79,000
EBIT 7,100
Net working capital 3,600
Book value of equity 21,000
Accumulated retained earnings 17,000
Sales 94,000

The stock price of FMM is $23 per share and there are 5,200 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

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