Order the answer to: Fair-to-Midland Manufacturing, Inc. (FMM), has applied for a loan at

Order the answer to: Fair-to-Midland Manufacturing, Inc. (FMM), has…

Question	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 ……………………………………………..$95,000 EBIT ………………………………………………………7,300 Net working capital ……………………………………….3,800 Book value of equity …………………………………….21,000 Accumulated retained earnings ………………………….19,600 Sales …………………………………………………….104,000 The stock price of FMM is $27 per share and there are 7,500 shares outstanding. What is the Z-score for this company?
Subject	business-corporate-finance

Question

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 ……………………………………………..$95,000 EBIT ………………………………………………………7,300 Net working capital ……………………………………….3,800 Book value of equity …………………………………….21,000 Accumulated retained earnings ………………………….19,600 Sales …………………………………………………….104,000 The stock price of FMM is $27 per share and there are 7,500 shares outstanding. What is the Z-score for this company?

Subject

business-corporate-finance

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