cotors

Problem Walk$-$Through

Kaye's Kitchenware has a market$/$book ratio equal to $1.$ Its stock price is $$12$ per share and it has $4\mathrm{.}6$ million shares outstanding. The firm's total capital is $$125$ million and it finances with only debt and common equity. What is its debt$-$to$-$capital ratio? Round your answer to two decimal places.

$\%$