Question: Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $540 million, total

Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $540 million, total assets of $1,454 million, current liabilities of $262 million, total liabilities of $878 million, and total equity of $500 million, which includes retained earnings of $370 million. From the income statement, sales of $1,008 million, operating income (EBIT) of $322 million, and net income of $163 million. The company has 36 million shares of common stock outstanding, which are valued at $28.31 per share. What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00.

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