Question

The following balance sheet and income statement are for Weber Industries. The firm’s stock currently is priced at $6.00 per share. Calculate and interpret the company’s Z score.
Weber Industries
Balance Sheet As of December 31, 2012
Weber Industries Income Statement for the Year
Ending December 31, 2012
Sales: ..................... $6,000,000
Less: Cost of goods sold ............ (3,500,000)
Less: Selling and administrative expenses ...... (1,000,000)
Earnings before interest and taxes ......... $1,500,000
Less: Interest .................. 1,100,000
Earnings before taxes .............. $ 400,000
Less: Taxes (39%) ................ 120,000
Net income .................. $ 280,000


$1.99
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  • CreatedMarch 26, 2015
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