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 $ 66,000 EBIT 8,200 Net working capital 4,500 Book value of equity 21,000 Accumulated retained earnings 16,300 Total liabilities 60,000 What is the Z-score for this company?

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 $ 66,000 EBIT 8,200 Net working capital 4,500 Book value of equity 21,000 Accumulated retained earnings 16,300 Total liabilities 60,000 What is the Z-score for this company?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter6: Accounting Quality

Section: Chapter Questions

Problem 3DIC

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Total assets	$ 66,000
EBIT	8,200
Net working capital	4,500
Book value of equity	21,000
Accumulated retained earnings	16,300
Total liabilities	60,000