Ehler corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. during the last part of 2017, ehler had the following transactions related to notes payable. sept. 1 issued a $12,000 note to pippen to purchase inventory. the 3-month note payable bears interest of 6% and is due december 1. (ehler uses a perpetual inventory system.) sept. 30 recorded accrued interest for the pippen note. oct. 1 issued a $16,500, 8%, 4-month note to prime bank to finance the purchase of a new climbing wall for advanced climbers. the note is due february 1. oct. 31 recorded accrued interest for the pippen note and the prime bank note. nov. 1 issued a $26,000 note and paid $8,000 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. this note bears interest of 6% and matures in 12 months. nov. 30 recorded accrued interest for the pippen note, the prime bank note, and the vehicle note. dec. 1 paid principal and interest on the pippen note. dec. 31 recorded accrued interest for the prime bank note and the vehicle note. prepare journal entries for the transactions noted above.

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company. the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy. the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress. the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.