Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for the company's 2019 fiscal year. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. in thousands (except price per share and shares outstanding) Current assets $1,350,436 EBIT $263,194 Current liabilities $455,815 Total liabilities $538,343 Total assets $1,285,319 Sales revenue $1,770,584 Retained earnings 165,862,887 $1,365,036 Shares outstanding $39.34 Price per share Compute and interpret the Altman Z-score. Note: Convert shares outstanding to "in thousands" for your computation. Z-score

Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for the company's 2019 fiscal year. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. in thousands (except price per share and shares outstanding) Current assets $1,350,436 EBIT $263,194 Current liabilities $455,815 Total liabilities $538,343 Total assets $1,285,319 Sales revenue $1,770,584 Retained earnings 165,862,887 $1,365,036 Shares outstanding $39.34 Price per share Compute and interpret the Altman Z-score. Note: Convert shares outstanding to "in thousands" for your computation. Z-score

Name: Bankruptcy Risk and Z-Score AnalysisFollowing are selected ratios for
Uploaded: 2024-03-20T06:33:21.000Z
Channel: Bartleby
Description: Bankruptcy Risk and Z-Score AnalysisFollowing are selected ratios for Logitech International SA for the company's 2019 fiscal year.Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current…

A: Horizontal analysis is the analysis made out of the comparison of financial statements for multiple…

Q: Gross Profit Percentage Calculate the company's 2020 gross profit percentage and compare the result…

A: Gross profits are profits before operating expenses.

Q: CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, in thousands, ercept per share…

A: 2020 ($) 2019($)Total equity 1832771…

Q: Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for…

A: The Altman Z-score is the output of a credit-strength test that gauges a publicly traded…

Q: Need help with this question

A: Step 1: Introduction to the Profit MarginProfit margin is an important financial ratio that…

Q: Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for…

A: Weighted average no. of Common stock outstanding = (104,600/0.25+103,800/0.25)/2…

Q: Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a…

A: Total assets is always equal to the sum of total liabilities and stockholders' equity. The…

Q: Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated…

A: Forecasted Income statement: A forecasted income statement shows the budgeted income and expenses of…

Q: Ratios For Amazon.com, Inc. (AMZN)…

A: Ratio analysis includes the computation of ratios using elements of financial statements by keeping…

Q: Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net…

A: Step 1: Calculating NOPAT for 2020To calculate NOPAT for 2020 using the parsimonious forecasting…

Q: INCOME STATEMENT, 2022 Sales Cost Net income BALANCE SHEET, YEAR-END Assets $ 7,500 Total 5,900 $…

Q: Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the…

A: Debt-to-Equity Ratio: The debt-to-equity ratio is a financial metric that compares a company's total…

Q: Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented…

A: The question is based on the concept of Financial Accounting. As per the Bartleby guidelines we are…

Q: Using Excel for financial statement analysis Download an Excel temp/ate for this problem online in…

A: The horizontal analysis involves comparing the current year amounts to the previous year amounts and…

Q: December 31, 2020 December 31, 2017 Current assets $106,000 $90,000 Plant assets (net) 400,000…

A: Horizontal Analysis refers to the comparative report of the balance sheets of different years.

Q: S Find online the annual 10 - K report for Costco Wholesale Corporation (COST) for September 28,…

A: Here's a detailed explanation for better understanding. In the context of the annual 10-K report for…

Q: Ratio proficiency McDougal Printing, Inc., had sales totaling $35,000,000 in fiscal year 2019. Some…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply…

A: "The gross profit percentage is a financial metric that reveals the connection between a company's…

Q: Ratios Industry Averages Because you own the comm on stock of Phantom Corporation, a paper…

A: Ratio analysis: It helps to gain insight into company profitability, liquidity, operational…

Q: Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders'…

A: Solution Formula used Current ratio =current assets / current liabilities Acid test ratio…

Q: Forecast an Income Statement Seagate Technology reports the following income statement for fiscal…

A: Income statement: Under this Statement showing the company’s performance over a period of time by…

Q: Forecasting with the Parsimonious Method and Estimating Share Value Using the DCF Model Following…

A: (a) Compute net operating assets (NOA) for 2019.Step 1: Identify operating assets and…

Q: Vertical Analysis Balance sheet Dec 31, 2018 ASSets TOTAL CURRENT ASSETS PROPERTY PLANT,…

A: Balance Sheet December 31, 2018 Assets Total Current Assets 43615 (43615/305000)…

Q: Here is financial information for Sheridan Inc. Current assets Plant assets (net) Current…

A: Horizontal Analysis: It refers to a technique that is used by a business to analyze or evaluate it's…

Q: Use the Ulta annual report to calculate profit margin, total debt ratio, and cash ratio for the year…

A: Profit margin is the ratio of company profit to its sales. It is a profitably ratio and tell the…

Concept explainers

Financial Ratios

A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.

Return on Equity

The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.

Topic Video

Question

Bankruptcy Risk and Z-Score Analysis
Following are selected ratios for Logitech International SA for the company's 2019 fiscal year.
Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.
in thousands (except price per share and shares outstanding)
Current assets
$1,350,436 EBIT
$263,194
$455,815 Total liabilities
$538,343
Current liabilities
Total assets
$1,285,319 Sales revenue
$1,770,584
$1,365,036 Shares outstanding 165,862,887
$39.34
Retained earnings
Price per share
Compute and interpret the Altman Z-score.
Note: Convert shares outstanding to "in thousands" for your computation.
Z-score

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Explain Altman Z-score

VIEW

Step 2: Calculate Altman Z-score

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Following are forecasts of Illinois Tool Works Inc. sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Reported Forecast Horizon Period $ millions 2018 2019 2020 2021 2022 Sales $14,030 $14,871 $15,763 $16,710 $17,712 NOPAT NOA Terminal Period $18,066 2,711 2,880 3,053 3,236 3,430 8,989 9,527 10,099 10,705 11,347 3,499 11,574 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate Discount rate (WACC) 2% 7.35% Common shares outstanding 328.1 million Net nonoperating obligations (NNO) $5,894 million (a) Estimate the value of a share of ITW's common stock using the residual operating income model (ROPI) model as of December 31, 2018. Forecast Horizon ($ millions) Reported 2018 Terminal 2019 2020 2021 2022 Period ROPI…
Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for the company's 2019 fiscal year. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. in thousands (except price per share and shares outstanding) $1,350,436 EBIT $488,117 Total liabilities i Current assets Current liabilities Total assets $263,194 $576,494 $1,376,404 Sales revenue $1,896,059 Retained earnings $1,365,036 Shares outstanding 165,862,887 Price per share $39.34 Compute and interpret the Altman Z-score. Note: Convert shares outstanding to "in thousands" for your computation. Z-score
Estimating Share Value Using the ROPI Model Following are forecasts of sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018, for Humana. Terminal Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal place Reported Horizon period $ millions 2018 2019 2020 2021 2022 Period Sales $56,880 $57,734 $58,600 $59,480 $60,372 2,492 2,542 2,580 2.619 2,658 4,000 4,065 4,126 4,189 4,252 NOPAT NOA $60,976 2,684 4,295 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate Discount rate (WACC) 19 7.8% Common shares outstanding 135.6 million Net nonoperating obligations (NNO) S(6,161) million NNO is negative because Humana's nonoperating assets exceed its nonoperating liabilities. (a) Estimate the value of a share of common stock using the residual operating income (ROPI) model as of December 31,…
c
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses. Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $852,000 27,000 7,400 12,000 42,000 $3,006,000 1,944,000 1,062,000 940, 400 $ 121,600 VIRTUAL GAMING SYSTEMS Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Balance Sheets December 31 2021 $180,000 75,000 99,000 11,400 99,000 204,000 264,000 (63,000) $869,400 $ 60,000 4,800 12,000 279,000 294,000 219,600 2020 $138,000 54,000 129,000…
Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Tesla for two recent fiscal years. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Ratio Current ratio Working capital to total assets Retained earnings to total assets EBIT to total assets EBITDA to total assets Market value of equity to total liabilities Sales to total assets Compute and interpret Altman Z-scores for the company for both years. Year Z-score 2017 2018 2018 2017 1.135 0.831 0.642 0.5430 (0.177) (0.1788) (0.002) (0.0549) 0.061 0.0527 3.490 2.8830 1.316 0.9950 0 0 Check Is the company's bankruptcy risk increasing or decreasing over this period? Increasing Decreasing ◆
Calculate the Debt to Equity ratio for Urban Outfitters for both 2018 and 2019. Be sure to round your answer to 2 decimal place.
View Policies Current Attempt in Progress Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $31500 Net income $41100 Stockholders' Current liabilities 15400 79400 equity Average assets 162500 Total liabilities 42300 Total assets 114000 Average common shares outstanding was 15500. 37 percent O 70 percent O 15 percent O 28 percent Attempts: 0 of 1 used Save for Later
Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932 Use the following assumptions to prepare a forecast of the company’s income statement for FY2020. Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…
Perform a liquidity and profitability analysis on your company utilizing the ratios listed below. Quick Ratio, Receivable Turnover, Days sales uncollected, inventory turnover, Days inventory on hand, payable turnover, days payable, asset turnover, return on assets, and return on equity. statement of operations 12 Months Ended Jul. 31, 2020 Jul. 31, 2019 Revenues: Revenues $ 1,497,826,000 $ 1,684,392,000 Costs and expenses: Operating expense - personnel, vehicle, plant and other 493,055,000 468,868,000 Operating expense - equipment lease expense 33,017,000 Equipment lease expense, preadoption 33,073,000 Depreciation and amortization expense 80,481,000 78,846,000 General and administrative expense 45,752,000 59,994,000 Non-cash employee stock ownership plan compensation charge 2,871,000 5,693,000 Asset impairments 0 0 Loss on asset sales and disposals 7,924,000 10,968,000 Operating income 148,670,000 113,028,000 Interest expense…
Calculate the earnings per share (average of 420,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $enter the earning per share in dollars rounded to 2 decimal places per share Matthias Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Matthias MedicalComparative Balance SheetAs of December 31 2020 2019 Assets Current assets Cash $397,220 $417,400 Accounts receivable, net 906,800 776,400 Inventory 743,000 681,000 Other current assets 381,300 247,000 Total current assets 2,428,320 2,121,800 Property, plant, & equipment, net 8,678,000 8,440,100 Total assets $11,106,320 $10,561,900 Liabilities and Stockholders’ Equity Current liabilities $2,934,700…
FILLING IN THE RATIOS .. THE LEFT SIDE IS 2019 THE RIGHT SIDE IS 2020 IN THE IMAGE. Jergan CorporationBalance SheetsDecember 31 2020 2019 2018 Cash $ 30,800 $ 17,600 $ 18,700 Accounts receivable (net) 50,500 44,200 47,100 Other current assets 89,600 94,900 63,900 Investments 55,300 71,000 45,100 Plant and equipment (net) 500,500 370,000 358,500 $726,700 $597,700 $533,300 Current liabilities $85,500 $79,800 $69,400 Long-term debt 144,300 84,100 50,300 Common stock, $10 par 348,000 316,000 304,000 Retained earnings 148,900 117,800 109,600 $726,700 $597,700 $533,300 Jergan CorporationIncome StatementFor the Years Ended December 31 2020 2019 Sales revenue $738,000 $605,500 Less: Sales returns and allowances 39,100 29,900 Net sales 698,900…

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS