Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit
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 .....................................................$95,000
EBIT ...............................................................7,300
Net working capital ..............................................3,800
Book value of equity ...........................................21,000
Accumulated retained earnings ...............................19,600
Sales .............................................................104,000
The stock price of FMM is $27 per share and there are 7,500 shares outstanding. What is the Z-score for this company?
Step by Step Answer:
Input Area Total assets 95000 EBIT 7300 Net working c...View the full answer
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
