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Using the financial information below, calculate company XYZ's Altman Z score. Enter your answer as a number with three decimal places of precision (i.e. 1.234).
Using the financial information below, calculate company XYZ's Altman Z score. Enter your answer as a number with three decimal places of precision (i.e. 1.234). The following is XYZ's Inc. balance sheet (in thousands). $ $ Assets Cash Accounts receivables Inventory 25 85 90 Liabilities Accounts payable Notes payable Accruals Long-term debt Equity (retained earnings = $22) Total 30 90 25 155 400 700 Plant and equipment Total 500 700 $ $ XYZ's income sheet values are as follows (in thousands): Sales = $445, COGS = $305, Interest expense = $27, and taxes = $46, and the company's market value of equity is equal to its book value
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