Fair-to-Midland Manufacturing, Inc., (FMM) has applied for a loan at True Credit Bank. Jon Fulkerson, the credit analyst at the bank, has gathered the following information from the company’s financial statements:

     Total assets $83,000   EBIT 7,300   Net working capital 3,800   Book value of equity 23,000   Accumulated retained earnings 17,200   Sales 96,000

    The stock price of FMM is $25 per share and there are 5,400 shares outstanding. What is the Z-score for this company? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

     Z-score   

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