What is the longbottom corp altman z-score

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You are trying to determine if Longbottom Corp. will experience financial distress or bankruptcy over the next year. On their most recent balance sheet, they have total assets of $104 million, current assets of $9 million, current liabilities of $17 million, book value of liabilities of $85 million, and retained earnings of $13 million. On their most recent income statement, they reported sales of $77 million and an EBIT of $6 million. Longbottom has 511,000 shares outstanding, and their stock currently trades for $233 per share. What is the Longbottom Corp's Altman Z-score and what does it predict for the next year?

Reference no: EM132817970

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