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urgent AjX corporation wants to take a loan to finance their expanding project. They approached the bank to request 5 million for that purpose. You

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AjX corporation wants to take a loan to finance their expanding project. They approached the bank to request 5 million for that purpose. You are a loan officer at a bank that uses the Altman Z score to take the final decision whether to accept the loan application or reject it. Using the below information, find the missing ratios. Based on your results, choose the right decision related to Ajx loan request. (round to three decimal places) Cash 1,500,000 Inventory 345,000 Account Receivables 10,000 Property, plant and equipment 300,950 Other non-current assets 172,000 Total assets 2,327,950 Account payable 151,000 Current portion of LT debt 110,500 Long-term debt 1,269,500 Other non-current liabilities 365.000 Total liabilities 1,896,000 Common stock 178,500 Retained earnings 253,450 Total liabilities and equities 2,327,950 Additional information: Sales Earning before interest & tax Equity market value 1,501,400 1,030 300 348.500

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