Problem 1, The following data pertain to a single department for the month of October for ABC Company. At Cost At Retail Beginning inventory…………………………..35,000 40,000 Purchase ……………………………………...50,000 80,000 Purchase discount………………………………5,000 15,000 Purchase return and allowance…………………10,000 14,000 Sales (net)…………………………………………………………...70,00 0 Additional markup ………………………………………………….20,000 Markup cancellation ………………………………………………….5,000 Markdown ………………………………………………………….10,000 Markdown cancellation ……………………………………………...6,000 Normal spoilage……………………………………………………..7,000 Normal shortage …………………………………………………….3,000 Abnormal spoilage ………………………………………………….5,000 Required: Compute the estimated cost of ending inventory using: Conventional Retail Method Cost Retail Method Gross Profit Method, if markup percentage is 20 % on cost

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.