Kaye's Kitchenware has a market/book ratio equal to 1,200. The firm's stock price is 12.30 USD/share. There are 4.60 million shares outstanding. The firm's total capital is 111 million and the firm finances with only debt and common equity. Calculate the debt to equity ratio."
Kaye's Kitchenware has a market/book ratio equal to 1,200. The firm's stock price is 12.30 USD/share. There are 4.60 million shares outstanding. The firm's total capital is 111 million and the firm finances with only debt and common equity. Calculate the debt to equity ratio."
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 20P
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![Kaye's Kitchenware has a market/book ratio equal to 1,200.
The firm's stock price is 12.30 USD/share. There are 4.60
million shares outstanding. The firm's total capital is 111
million and the firm finances with only debt and common
equity. Calculate the debt to equity ratio."](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3ed38da-fde8-4ba2-b046-29e02452c37f%2F39b4110c-745e-450d-8621-09e35e01e742%2Fcsxhuvv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kaye's Kitchenware has a market/book ratio equal to 1,200.
The firm's stock price is 12.30 USD/share. There are 4.60
million shares outstanding. The firm's total capital is 111
million and the firm finances with only debt and common
equity. Calculate the debt to equity ratio."
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