# 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)
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)
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
TC Penney
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Number
of
Common
Shares
304.9
Common
Stock
\$ 152
Reinvested Accumulated
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.
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