Question: Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Binomial Tree Farm's financing includes $6.1 million of bank loans. Its common equity is shown in Binomial's Annual Report at $6.78 million. It has 610,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16.90 per share. What debt ratio should Binomial use to calculate its WACC or asset beta? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Debt ratio 0.36 %
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