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12. Problem 4.02 (Debt to Capital Ratio) eBook Problem Wallk Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $13

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12. Problem 4.02 (Debt to Capital Ratio) eBook Problem Wallk Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $13 per share and it has 4.8 million shares outstanding. The firm's total capital is $130 millon and it finances with only debt and common equity, What is its debt-to-capital ratio? Round your answer to two dedmal places

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