Reference no: EM132711150
Question - Bankruptcy Risk and Z-Score Analysis
Following are selected ratios for Logitech International SA for the company's 2019 fiscal year.
$ thousands (except per share numbers)
Current assets $1,485,480
EBIT $289,513
Current liabilities $789,601
Total liabilities $932,564
Total assets $2,226,536
Sales revenue $3,067,154
Retained earnings $1,501,540
Shares outstanding 165,862,887
Price per share $39.34
Required - Compute and interpret the Altman Z-score. Do not round computations until your final answer. Round answer to two decimal places.