Compute the Z score for Central Manufacturing Corporation (CMC) given the following information for year-end 2012:

Based on its Z score, is CMC likely to go bankrupt in the near future?

Transcribed Image Text:

CMC Financial Information (year-end 2012) Current assets Current liabilities Retained earnings Total assets Total liabilties Shares outstanding Share price Sales EBIT All values in thousands except share price and shares outstanding. $41,224000 73,911000 - 70,610,000 $91047000 $176,387000 610,500,684 2.83 $148,979000 -27.467000