Question: Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using total financial debt in the numerator. Present your answer

Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using total financial debt in the numerator. Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%.

Cash $122

Short-term investments $209

Accounts receivable $438

Inventory $515

Other current assets $171

Fixed assets (net) $1,027

Intangible assets $205

Long-term investments $316

Total assets $3,052

Short-term debt $161

Current portion of long-term debt $57

Accounts payable $259

Accrued liabilities $232

Other current liabilities $140

Long-term debt $516

Other long-term liabilities $100

Total liabilities $1,322

Stockholders equity $1,611

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