The following balance sheet and income statement are for Weber Industries. The fi rm’s stock currently is priced at $6.00 per share. Calculate and interpret the company’s Z score. Weber Industries Balance Sheet as of December 31, 2009 Assets Liabilities and Stockholder’s Equity Cash $ 400,000 Accounts payable $ 5,000,000 Accounts receivable 3,000,000 Notes payable—bank 1,000,000 Inventories 4,000,000 Total current liabilities $ 6,000,000 Total current assets $ 7,400,000 Mortgage $ 4,000,000 Land $ 1,000,000 Debentures 6,000,000 Net plant 5,000,000 Total long-term debt $10,000,000 Net equipment 8,000,000 Preferred stock (100,000 shares) $ 1,000,000 Total fi xed assets $14,000,000 Common stock (500,000 shares) 1,000,000 Total $21,400,000 Paid-in capital in excess of par 2,000,000 Retained earnings 1,400,000 Total shareholders’ equity $ 5,400,000 Total $21,400,000 Weber Industries Income Statement For the Year Ending December 31, 2009 Sales: $6,000,000 Less: Cost of goods sold 3,500,000 Less: Selling and administrative 1,000,000 Earnings before interest and taxes $1,500,000 Less: Interest 1,100,000 Earnings before taxes $ 400,000 Less: Taxes (30%) 120,000 Net Income $ 280,000