Compute and interpret the altman z-score

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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.

Reference no: EM132711150

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