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Based on the balance sheet information below, determine the firm's capital structure weight of preferred stock: Current Liabilities: $1,023,235 Long-term Debt (Bonds): $2,762,449 Preferred Stock:
Based on the balance sheet information below, determine the firm's capital structure weight of preferred stock:
- Current Liabilities: $1,023,235
- Long-term Debt (Bonds): $2,762,449
- Preferred Stock: $722,732
- Common Stock: $5,370,818
Note: Enter your answer as a decimal and go out two decimal places (e.g. 0.25).
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