Question
number 6. Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding.
number 6.
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding. The firm's total capital is $135 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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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
