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Problem 30-3 Z-Score Fair-to-Midland Manufacturing, Incorporated (FMM), has applied for a loan at True Credit...

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Finance

Problem 30-3 Z-Score Fair-to-Midland Manufacturing, Incorporated (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the companys financial statements: Total assets $ 109,000 EBIT 8,600 Net working capital 5,100 Book value of equity 36,000 Accumulated retained earnings 18,500 Sales 109,000 The stock price of FMM is $38 per share and there are 6,700 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

image Fair-to-Midland Manufacturing, Incorporated (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the company's financial statements: The stock price of FMM is $38 per share and there are 6,700 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

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