Reference no: EM132680145
Compute and Interpret Altman's Z-scores
Following is selected financial information for eBay Inc., for its fiscal years 2013 and 2012.
(In millions, except per share data) 2013 2012
Current assets $ 23,283 $ 21,398
Current liabilities 12,639 10,924
Total assets 41,4883 7,074
Total liabilities 17,841 16,209
Shares outstanding 1,294 1,286
Retained earnings 18,854 15,998
Stock price per share 54.87 51.00
Sales 16,047 14,072
Earnings before interest and taxes 3,371 2,888
Problem 1: Compute and interpret Altman Z-scores for the company for both years. (Do not round until your final answer; then round your answers to two decimal places.)