Question: Below are the two most recent balance sheets and most recent Income statement for Bearkat Industries. The company has an effective tax rate Assume the

Below are the two most recent balance sheets and most recent Income statement for Bearkat Industries. The company has an effective tax rate Assume the company has 15,000 shares of common stock outstanding and the market price per share is $1.89 Balance Sheet 2019 2018 Assets: Cash Accounts Receivable (net) Inventory Fixed assets (pross) Less Accumulated depreciation Total assets $10,000 6,000 8,000 11,000 (4.000 $31.000 $ 6,000 1,500 10,000 10.000 (2.000 $25,500 $ 6,000 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less Discount on note payable Common stock Retained earnings Total liabilities and stockholders equity $ 5.000 1,000 10,000 (800) 11,000 4.800 $31.000 2.000 10,000 (1.000) 5.000 3.500 $25.500 Income Statement For the year ended December 31, 2019 Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $42.000 (24,000) (2.000) 3.000 (2.000) (9.000) $12.000 Based on the information above, calculate Renry Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $42,000 (24,000 (2.000) (3.000) (2,000) (9.000 $2.000 Based on the information above, calculate Bear Kat's 2019 Altman Z-score. I have provided the Altman-z formula and a framework below to assist you in your calcutatie Round all intermediate calculations to 4 decimal places of precision Z Score-1.2X1 * 1.4X2 + 3,3X3 + 0.6X4 1.0X5 Formula Coefficient Value Product X1 Net working Capital/total assets X2 Retained earnings / total assets X3 Earnings before interest and Taxes X4 Market value of equity / book value of liabilities Xs Sales Revenue / total assets a. 3.18 Ob.4.82 O c. 5.08 O d. 4.49 Oe. 6.56
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