Here is the condensed 2012 balance sheet for Skye Computer Company (in thousands of dollars):

		Endo of 2012	BV CAP STRUCT	MV CAP STRUC
Current assets		2,000	TOTAL %	TOTAL %
Net Fxes assets		3,000
Total assets		5,000
Current liabilities		900
Long term debt		1,200	1200 29	1200 28
Preferred stock (10K shares)		250	250 6	300 7
Common stock (50K shares)	1,300
Reained earnings	1,350
Total common equity		2,650	2650 65	2750 65
Total liabilities & equity		5,000	4100 100	4250 100

Skye's earnings per share last year were $3.20. The common stock sells for $55.00, last year