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Bartley Barstools has a market/book ratio equal to 1.2. Its stock price is $16 per share and it has 10 million shares outstanding. The firm's

Bartley Barstools has a market/book ratio equal to 1.2. Its stock price is $16 per share and it has 10 million shares outstanding. The firm's total capital is $240 million and it finances with only debt and common equity. What is its debt-to-capital ratio? 33.33% 55.56% 80.00% 44.44%
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Bartley Barstools has a market/book ratio equal to 1.2. Its stock price is $16 per share and it has 10 million shares outstanding. The firm's total capital is $240 million and it finances with only debt and common equity. What is its debt-to-capital ratio? 33.33% 55.56% 80.00% 44.44%

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