Question: Debt to capital ratio Save Submit Assignment for Gradin Problem 4.02 (Debt to Capital Ratio) Question 17 of 19 eBook Kaye's Kitchenware has a market/book

Debt to capital ratio

Save Submit Assignment for Gradin Problem 4.02 (Debt to Capital Ratio) Question 17 of 19 eBook Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $13 per share and it has 4.5 million shares outstanding. The firm's total capital is $115 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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