The following selected financial data was extracted from the books of Puran Ltd, a company listed on the local stock exchange:
Total Liabilities $3,192,000
Common stock ($0.1 par value) - Authorized 4,000,000 shares; - Issued and outstanding, 3.500.000 shares valued at $350.000.
Retained earnings $241,000 excess of par $2,415,000 $3,006,000
Share price: January 3, 2019-$1.10;
December 31, 2019 - $0.86
2019 Partial Z-Score = X1+X2+x3+X5 -1.53.
Puran's Z-score
Select one:
a. puts them in the zone of Ignorance
b. makes them Immediately qualified for the loan
c. makes them not qualified for the loan
d. needs further data to complete its calculation
