Question

Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the company’s financial statements:
Total assets ............ $75,000
EBIT ............... 6,900
Net working capital .......... 3,400
Book value of equity ......... 19,000
Accumulated retained earnings ..... 16,800
Sales .............. 92,000
The stock price of FMM is $21 per share and there are 5,000 shares outstanding. What is the Z-score for this company?



$1.99
Sales0
Views232
Comments0
  • CreatedAugust 28, 2014
  • Files Included
Post your question
5000