Question: QUESTION 6 Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $558

QUESTION 6 Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $558 million, total assets of $1,014 million, current liabilities of $210 million, total liabilities of $709 million, and total equity of $560 million, which includes retained earnings of $303 million. From the income statement, sales of $1,407 million, operating income (EBIT) of $242 million, and net income of $270 million. The company has 35 million shares of common stock outstanding, which are valued at $29.23 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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