Question
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 5.5 million shares outstanding. The firm's
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 5.5 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.
Kaye's Kitchenware has a market/book ratio equal to 1 . Its stock price is $15 per share and it has 5.5 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. %
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
