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You have been given the financial statements of private company Greek Diamond Logistics December 31/12/202X (figures are in euros): Balance Sheet Greek Diamond Logistics as
You have been given the financial statements of private company "Greek Diamond Logistics" December 31/12/202X (figures are in euros): Balance Sheet "Greek Diamond Logistics" as at December 31, 202X Assets Cash & cash equivalents 120,000 Debtors ? Inventory ? Current Assets ? Land, Plant & Equipment 205,000 Noncurrent Assets ? Total Assets ? Liabilities & Stockholders' Equity Creditors ? Other short-term liabilities ? Total Current Liabilities ? Long-term debt ? Total Noncurrent Liabilities ? Total Liabilities ? Common stock ? Retained earnings ? Stockholders' Equity ? Total Liabilities & Stockholders' Equity 575,000 Income statement "Greek Diamond Logistics" as at December 31, 202X Total revenue ? (-) Cost of sales ? Gross profit 145,000 (SG&A EBIT ? (+) Interest revenue 0 (-) Interest expense 15,000 EBT (-) Taxes ? Net income ? Also, the following information is provided for the company "Greek Diamond Logistics" at the end of the accounting period (figures are in euro): Stockholders' equity to Total liabilities ratio - 1.5 Creditors are 4 times greater in value to Other short-term liabilities Inventory turnover (calculating with sales) - sales / inventory - 46 Interest coverage = 6 Inventory turnover (calculating with cost of sales) sales / cost of sales - 17 Current ratio = 4 Using the information that there is no taxation and dividends' decision: abov statemu..) B. Calculate Altman's Z score for the private company "Greek Diamond Logistics" (15%)
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