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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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