JC Penny Z Score Calculations Worksheet Business Statistics Help Please answer the attached questions as soon as possible with the answers to the listed ca

JC Penny Z Score Calculations Worksheet Business Statistics Help Please answer the attached questions as soon as possible with the answers to the listed calculations. · Calculate and interpret the Z Score for JC Penney. Show all calculations. Use the format on page
349 of the text
CA-CL/total assets
Retained earnings/total assets
EBIT/total assets
Market value f stock/BV of liabilities
Sales/total assets
Z score
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per shure data)
Total net sales
2016
2017
12,506
$
2015
12,625
$
12,547 $
Costs and expenses/(income):
Cost of goods solu (exclusive of depreciation and aniortization shown
separately below)
Selling, general and administrative (SG&A)
Pension
Depreciation and amortization
Real cstate and other, nct
Restructuring and management transition
Total costs and expenses
Operating income/(loss)
Loss on extinguishment of debt
Net interest expense
Income (loss) before income taxes
Income tax expense/(benefit)
Net income/(loss)
Earnings/(loss) per share:
Basic
Diluted
Weighted average shares – basic
Weighted average shares – diluted
8,174
3,468
21
570
(146)
303
12,390
116
33
325
(242)
(126)
(116) $
8,071
3,538
19
609
(111)
26
12,152
395
30
363
8,074
3,775
162
616
3
84
12,714
(89)
10
405
(504)
9
(513)
2
1
S
1 S
$
(0.37) S
(0.37)
311.1
311.1
(1.68)
(1.68)
305.9
305.9
308.1
313,0
See the accompanying notes to the Consolidated Financial Statenients.
CONSOLIDATED BALANCE SHEETS
2017
2016
$
116 $
342
458
2,762
190
3,410
4,281
61
661
8,413 S
125
762
887
2,854
160
3,901
4,599
$
618
9,118
(In millions, except per share data)
Assets
Current assets:
Cash in banks and in transit
Cash short-term investments
Cash and cash equivalents
Merchandise inventory
Prepaid expenses and other
Total current assets
Property and cquipment
Prepaid pension
Other assets
Total Assets
Liabilities and Stockholders’ Equity
Current liabilities:
Merchandise accounts payable
Other accounts payable and accrued expenses
Current portion of capital leases, financing obligation and note payable
Current maturities of long-term debt
Total current liabilities
Long-term capital leases, financing obligation and note payable
Long-term debt
Deterred taxes
Other liabilities
Total Liabilities
Stockholders’ Equity
Common stock (1)
Additional paid-in capital
Reinvested earnings (accumulated deficit)
Accumulated other comprehensive income ( loss)
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
S
973 $
1,119
8
232
2,332
212
3,780
143
567
7,034
977
1,164
15
263
2,419
219
4,339
204
583
7,764
156
4,705
(3,122)
(360)
1,379
8,413 S
154
4,679
(3,006)
(473)
1,354
9,118
S
Table of Contents
TC Penney
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Number
of
Common
Shares
304.9
Common
Stock
$ 152
Reinvested Accumulated
Additional Earnings!
Other
Paid-in
(Accumulated Comprehensive
Capital Deficit) Income/(Loss)
$ 4.606 $ (2.494) S
(350)
(513)
Total
Stockholders’
Equity
S
1,914
(513)
(141)
48
1.2
306.1
$
153 $
4.654
$
(3.007) $
1
(141)
49
1,309
1
(491) S
(in millions)
January 31, 2015
Net income (loss)
Other coinprehensive
income (loss)
Stock-based compensation
January 30, 2016
Net income (loss)
Other comprehensive
income. (loss)
Stock-based compensation
January 28, 2017
Net income (loss)
Other comprehensive
income (loss)
Stock-based compensation
and other
February 3, 2018
18
1
2.2
308.3
25
4.679 $
$
154
$
(3,006) $
(116)
(473)
18
26
1,354
(116)
$
–
—
113
113
2
3.7
312.0 $
26
4,705 $
156 $
(3,122) $
28
1.379
(360) $
See the accompanying notes to the Consolidated Financial Statements.
65

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