Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 5.1 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 the answer to two decimal places.
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 5.1 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 the answer to two decimal places.
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 8P
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What is its debt to capital ratio on these financial accounting question?
Transcribed Image Text:Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price
is $14 per share and it has 5.1 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 the answer to two
decimal places.
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