Question: Q4) Below are selected financial data on DCB Industries Inc. The company currently has 3.5 billion shares outstanding and the share price is $7.45 per

Q4) Below are selected financial data on DCB Industries Inc. The company currently has 3.5 billion shares outstanding and the share price is $7.45 per share. Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt. Based on these data, what is the debt-to-enterprise value ratio of DCB? Select the closest one.

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