You are a loan manager at Norm bank, you have the following loan application to review. The bank uses Altman's Z-score to assess the loan acceptability. An AA-rated, one-year business loan from a firm with the following financial statement information in millions of dollars). Should the bank accept the loan? Assets ($) Cash 50 Accounts receivables 45 Inventory Liabilities and equity ($) 30Accounts payable 100 Notes payable 200 Accruals Long-term debt 1000 Equity (retained earnings = $200) 1330 Total liabilities and equity 50 500 Plant and equipment 685 Total assets 1330 Also assume sales = $1250m, cost of goods sold = $930m and the market value of equity is equal to 2 times the book value of equity. Norm Bank uses the Altman's Z-score model to evaluate AA-rated loans