Z-Score = 1.2 * (Working Capital / Total Assets) + 1.4 * (Retained Earnings / Total Assets) + 3.3 * (EBIT / Total Assets) + 0.6 * (Book Value of Equity / Total Liabilities) + 1.0
Z-Score = 1.2 * (5,100 / 72,000) + 1.4 * (16,900 / 72,000) + 3.3 * (8,800 / 72,000) + 0.6 * (27,000 / 66,000) + 1.0
Z-Score = 1.2 * (0.0708) + 1.4 * (0.2353) + 3.3 * (0.1222) + 0.6 * (0.4091) + 1.0
Z-Score = 0.085 + 0.329 + 0.403 + 0.245 + 1.0
Z-Score = 2.062