Complete A and B for E4-27

Compute and Interpret Z-scores Following is selected financial information for Procter & Gamble Co. and Kimberly-Clark Corpora- tion from their fiscal 2016 financial statements. E4-27. $ millions working capital Earnings before interest and tax Procter & Gamble Kimberly-Clark 87,953 13,441 225,900 65,299 127,136 69,153 $ (731) 5,831 3,317 40,695 18,202 14,602 14,485 .. Market value of equity . .. Total liabilities. a. Compute and compare the Altman Z-scores for each company. b. Is either company likely to go bankrupt in the short term? Explain