Question: 12. Problem 4.02 (Debt to Capital Ratio) LO eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14

12. Problem 4.02 (Debt to Capital Ratio) LO eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 5.5 million shares outstanding. The firm's total capitalis $120 million and It finances with only debt and common equity. What is its debt to capital ratio? Round your answer to two decimal placet

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