Excerpts taken from the financial statements of Smothers, Inc. are as follows:
From the balance sheet, current assets of $417 million and total assets of $1,000 million, and current liabilities of $228 million, total liabilities of $519 million, and retained earnings of $385 million.
From the income statement, sales of $926 million, operating income (EBIT) of $293 million, and net income of $118 million.
The company also has 26 million shares of common stock outstanding, which are valued at $49.33 per share.
What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00.