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1. Problem 4.02 (Debt to Capital Ratio) eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12
1. Problem 4.02 (Debt to Capital Ratio) eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 5.3 million shares outstanding. The firm's total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
