Excerpts taken from the financial statements of Smothers, Inc. are as follows:
From the balance sheet, current assets of $453 million and total assets of $1,000 million, and current liabilities of $183 million, total liabilities of $590 million, and retained earnings of $268 million.
From the income statement, sales of $929 million, operating income (EBIT) of $173 million, and net income of $164 million.
The company also has 26 million shares of common stock outstanding, which are valued at $36.32 per share.
What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00.