Jon Fulkerson has also received a credit application from Seether, LLC, a private company. An abbreviated portion

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Jon Fulkerson has also received a credit application from Seether, LLC, a private company. An abbreviated portion of the financial information provided by the company is shown below:

Total assets .....................................$63,000

EBIT ...................................................... 7,900

Net working capital ............................ 4,200

Book value of equity .........................18,000

Accumulated retained earnings ......16,000

Total liabilities ....................................57,000

What is the Z-score for this company?

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Question Posted: Aug 28, 2014 10:36 AM

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Jon Fulkerson has also received a credit application from Seether, LLC, a private company. An abbreviated portion

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Since this company is private we must use the Zscore for private co...View the full answer

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