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Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at True Credit Bank. Jon Fulkerson, the...

Fair-to-Midland Manufacturing, Inc. (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: Total assets $89,000 EBIT 7,600 Net working capital 4,100 Book value of equity 26,000 Accumulated retained earnings 17,500 Sales 99,000

The stock price of FMM is $28 per share and there are 5,700 shares outstanding.

What is the Z-score for this company?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

H w ENG 10:22 30-07-2020 199+ 33 X X111 f W X Y Z AA AB AC AD AE AF AG 92 93 94 FORMULA: Z = 1.2 X1 + 1.4 X2 + 3.3X3 +0.6X4 +

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