Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.6. Assuming the market value of debt equals its book value, what weights should it use for its WACC calculation? Assets Liabilities & Equity $1,070 Debt $450 Equity $620 The debt weight for the WACC calculation is %. (Round to two decimal places.)

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.6. Assuming the market value of
debt equals its book value, what weights should it use for its WACC calculation?
Assets
Liabilities & Equity
$1,070
Debt
$450
Equity
$620
The debt weight for the WACC calculation is
%. (Round to two decimal places.)
Transcribed Image Text:Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.6. Assuming the market value of debt equals its book value, what weights should it use for its WACC calculation? Assets Liabilities & Equity $1,070 Debt $450 Equity $620 The debt weight for the WACC calculation is %. (Round to two decimal places.)
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