Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the...

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Finance

Fair-to-Midland Manufacturing, Inc., (FMM) has applied for aloan at True Credit Bank. Jon Fulkerson, the credit analyst at thebank, has gathered the following information from the company’sfinancial statements:

  Total assets $111,000
  EBIT 8,700
  Net working capital 5,200
  Book value of equity 37,000
  Accumulated retained earnings 18,600
  Sales 110,000

The stock price of FMM is $39 per share and there are 6,800shares outstanding. What is the Z-score for this company?(Do not round intermediate calculations and round youranswer to 3 decimal places, e.g., 32.161.)

  Z-score

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4.3 Ratings (837 Votes)

Altman Z score ZScore 12A 14B 33C 06D 10E Where A Working Capital Total Assets B Retained Earnings Total Assets C Earnings before Interest Tax Total See Answer

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Fair-to-Midland Manufacturing, Inc., (FMM) has applied for aloan at True Credit Bank. Jon Fulkerson, the credit analyst at thebank, has gathered the following information from the company’sfinancial statements: Total assets$111,000 EBIT8,700 Net working capital5,200 Book value of equity37,000 Accumulated retained earnings18,600 Sales110,000 The stock price of FMM is $39 per share and there are 6,800shares outstanding. What is the Z-score for this company?(Do not round intermediate calculations and round youranswer to 3 decimal places, e.g., 32.161.) Z-score


Total assets	$111,000
EBIT	8,700
Net working capital	5,200
Book value of equity	37,000
Accumulated retained earnings	18,600
Sales	110,000