Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from...

Question

Question

Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from...

Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from Seether, LLC, a private company. An abbreviated portion of the financial information provided by the company is shown below:


Total assets	$72,000
EBIT	8,800
Net working capital	5,100
Book value of equity	27,000
Accumulated retained earnings	16,900
Total liabilities	66,000

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.)

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

0.0708 Z Score = Z = 6.56 X1 +3.26 X2 +1.05 X3 + 6.72 X4 X1 Net working Capital / Total Assets - 5100 / 72000 = X2 Accumulate

Please give positive vote , let me know if you need any further information regarding the question

Add a comment

Answer 2

Similar Homework Help Questions

Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from...

Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from Seether, LLC, a private company. An abbreviated portion of the financial information provided by the company is shown below: Total assets $65,000 EBIT 8,100 Net working capital 4,400 Book value of equity 20,000 Accumulated retained earnings 16,200 Total liabilities 59,000 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.)
Paul Martin Walker, the credit analyst at the Washington Mutual bank received a credit application from...

Paul Martin Walker, the credit analyst at the Washington Mutual bank received a credit application from Seether, LLC, a private company. An abbreviated portion of the financial information provided by the company is shown below: Total assets EBIT Net working capital Book value of equity Accumulated retained earnings Sales Total liabilities $63,000 $7,900 $4,200 $18,000 $16,000 $92,000 $57,000 What is the Z-score for this company? Select one: A. 3.519 B. there is not enough information to calculate Seether’s Z-score C....
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 $103,000 EBIT 8,300 Net working capital 4,800 Book value of equity 33,000 Accumulated retained earnings 18,200 Sales 106,000 The stock price of FMM is $35 per share and there are 6,400 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations...

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?
Problem 30-3 Z-Score

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$115,000 EBIT7,900 Net working capital4,100 Book value of equity23,000 Accumulated retained earnings19,600 Sales112,000 The stock price of FMM is $31 per share and there are 7,800 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.)

Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from...

Homework Answers

Add Answer to:
Jon Fulkerson, a credit analyst at the True Credit bank, has received a credit application from...

Post as a guest

Earn Coins