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Kenny Rogers Roasters recently reported $400,000 in long-term debt, $408,000 in notes payable, and $1,952,352 in total common equity and $436,800 in Accounts Payable. What
Kenny Rogers Roasters recently reported $400,000 in long-term debt, $408,000 in notes payable, and $1,952,352 in total common equity and $436,800 in Accounts Payable. What is the debt-to-capital ratio for Kenny Rogers Roasters? (Your answer should be in decimal numeric form and rounded to two decimals)
A. | 0.29 | |
B. | 0.17 | |
C. | 0.20 | |
D. | 0.41 | |
E. | None of the above |
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