Wanda Workout, a resident of North Carolina, ordered a weight system, some dumbbells, and other
fitness equipment from Shapely Corporation, which was located in Tampa, Florida. Shapely would
deliver the goods via carrier by August 1, and Wanda would make three payments of $850 each. The
contract terms provided for delivery FOB Charlotte. Shapely delivered the merchandise to East
Coast Common Carriers on July 15. Sal, Shapely's manager, informed Charles, the driver for East
Coast, that the equipment was very expensive and to drive carefully. He also told him that the boxes
needed to be stacked a certain way. East Coast left around 4:00 p. m. on July 30, but did not arrive in
Charlotte, North Carolina until 8:00 a. m. on August 2 because of several road delays. Wanda rejected
the conforming goods. East Common returned the goods to Shapely. Shapely then sued Wanda for
breach of contract.
Who has title of the equipment on July 31?

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.