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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Marke

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Stock price today $ 88,000 Equity $582,960 Cash Fixed assets $494,960 $22.32 Stock price tomorrow $20.82 Total $582,960 Total

Stock price today -624960/28000 - 130000-28000*1.5 Equity-624960-28000*1.5 Cash Fixed assets 494960 Stock price tomorrow 22.3

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