Manufacturing Z-Score is calculated using data in its model for the recent fiscal year. The Z-score is a multivariate formula that measures the financial health of a company and predicts the probability of bankruptcy within two years. The Z-score combines five common business ratios using a weighting system calculated by Altman to determine the likelihood of bankruptcy. Z Score Bankruptcy Model: Z = 1.2T1 + 1.4T2 + 3.3T3 + .6T4 + .999T5, where T1 = (Current Assets-Current Liabilities) / Total Assets; T2 = Retained Earnings / Total Assets; T3 = Earnings Before Interest and Taxes / Total Assets; T4 = Book Value Per Share of Equity / Total Liabilities; T5 = Sales/ Total Assets. Zones of Discrimination: Z' > 2.9 -.Safe. Zone; 1.23 < Z' < 2. 9 -.Grey. Zone; Z' < 1.23 -.Distress. Zone