Using the following information (in millions) for GEI, calculate an Altman Z score and explain what it means for the firm:
|
Net working capital
|
2737
|
|
Total Assets (TA)
|
41084
|
|
Retained earnings
|
2793
|
|
EBIT
|
7766
|
|
MV Of equity
|
88453
|
|
BV of Total Liability (TL)
|
23307
|
|
Sales
|
74754
|