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Fair-to-Midland Manufacturing, Inc., (FMM) has applied for aloan at True Credit Bank. Jon Fulkerson, the credit analyst at thebank, has gathered the following information from the company’sfinancial statements: Total assets$83,000 EBIT7,300 Net working capital3,800 Book value of equity23,000 Accumulated retained earnings17,200 Sales96,000 The stock price of FMM is $25 per share and there are 5,400shares outstanding. What is the Z-score for this company?(Do not round intermediate calculations and round youranswer to 3 decimal places, e.g., 32.161.) Z-score
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