Question
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 4.6 million shares outstanding. The firm's
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 4.6 million shares outstanding. The firm's total capital is $140 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. PLease answer in percent
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
