Question: 1. Problem 4.02 Click here to read the eBook: Debt Management Ratios DEBT TO CAPITAL RATIO Full Book Kaye's Kitchenware has a market/book ratio equal

1. Problem 4.02 Click here to read the eBook: Debt Management

1. Problem 4.02 Click here to read the eBook: Debt Management Ratios DEBT TO CAPITAL RATIO Full Book Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 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 your answer to two decimal places

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