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a. Here is the condensed 2020 balance sheet for Skye Computer Company (in thousands of dollars). Compute the market value weights using the information provided
a. Here is the condensed 2020 balance sheet for Skye Computer Company (in thousands of dollars). Compute the market value weights using the information provided below. Only include appropriate sources.
MV Capital Structure Dollars % Current assets Net fixed assets Total assets 2020 $15,000 40,000 $55,000 Additional information for part a: Common Stock Price - Po Common shares outstanding (000) Preferred Stock Price - Pp Preferred shares outstanding (000) $81.00 1,000 $80.00 50 Accounts payable and accruals Long-term debt Preferred stock Common stock Retained earnings Total common equity Total liabilities & equity $5,000 15,000 5,000 $20,000 10,000 $30,000 $55,000 $15,000 4,000 $81,000.00 15.0% 4.0% 81% $100,000 100.0%Step by Step Solution
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