Question: Attempts: Keep the Highest: /0.5 2. Problem 4.02 (Debt to Capital Ratio) eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its

Attempts: Keep the Highest: /0.5 2. Problem 4.02 (Debt to Capital

Attempts: Keep the Highest: /0.5 2. Problem 4.02 (Debt to Capital Ratio) 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 4.9 million shares outstanding. The firm's total capital is $120 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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