The Z-score bankruptcy prediction model uses balance sheet and income information to arrive at a Z-Score,...

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The Z-score bankruptcy prediction model uses balance sheet and income information to arrive at a Z-Score, which can be used to predict financial distress: Working capital Retained earnings EBIT Sales MV equity Z 1.2+ * 1.4+ x 3.3 + x.99 + x0.6 Total Total Total Total assets Total assets assets assets liabilities EBIT is earnings before interest and taxes. MV equity is the market value of common equity, which can be determined by multiplying stock price by shares outstanding. Following extensive testing, it has been shown that companies with Z-scores above 3.0 are unlikely to fail; those with Z-scores below 1.81 are very likely to fail. While the original model was developed for publicly held manufacturing companies, the model has been modified to apply to companies in various industries, emerging companies, and companies not traded in public markets. Use information in the financial statements of Walgreens to compute the Z-score for the years 2019 and 2020. (Walgreens financial information may be found online.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available. Raw materials used in production Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 0 < Required 1 Required 2 > 0 0 The Z-score bankruptcy prediction model uses balance sheet and income information to arrive at a Z-Score, which can be used to predict financial distress: Working capital Retained earnings EBIT Sales MV equity Z 1.2+ * 1.4+ x 3.3 + x.99 + x0.6 Total Total Total Total assets Total assets assets assets liabilities EBIT is earnings before interest and taxes. MV equity is the market value of common equity, which can be determined by multiplying stock price by shares outstanding. Following extensive testing, it has been shown that companies with Z-scores above 3.0 are unlikely to fail; those with Z-scores below 1.81 are very likely to fail. While the original model was developed for publicly held manufacturing companies, the model has been modified to apply to companies in various industries, emerging companies, and companies not traded in public markets. Use information in the financial statements of Walgreens to compute the Z-score for the years 2019 and 2020. (Walgreens financial information may be found online.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available. Raw materials used in production Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured $ 0 < Required 1 Required 2 > 0 0