What would be the altman z-score for this company

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Reference no: EM131610156

Excerpts taken from the financial statements of Smothers, Inc. are as follows:

From the balance sheet, current assets of $389 million and total assets of $1,000 million, and current liabilities of $203 million, total liabilities of $492 million, and retained earnings of $358 million.

From the income statement, sales of $980 million, operating income (EBIT) of $271 million, and net income of $151 million.

The company also has 27 million shares of common stock outstanding, which are valued at $34.95 per share.

What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00.

Reference no: EM131610156

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