Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the...
90.2K
Verified Solution
Link Copied!
Question
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 $83,000 EBIT 7,300 Net working capital 3,800 Book value of equity 23,000 Accumulated retained earnings 17,200 Sales 96,000
The stock price of FMM is $25 per share and there are 5,400shares 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
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 | $83,000 |
| EBIT | 7,300 |
| Net working capital | 3,800 |
| Book value of equity | 23,000 |
| Accumulated retained earnings | 17,200 |
| Sales | 96,000 |
| The stock price of FMM is $25 per share and there are 5,400shares 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 |
Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Transcribed Image Text
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$83,000 EBIT7,300 Net working capital3,800 Book value of equity23,000 Accumulated retained earnings17,200 Sales96,000 The stock price of FMM is $25 per share and there are 5,400shares 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
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.