Question: Save Submit Assignment for Grading cestions Problem 4.02 Question 16 of 17 Check My Work (5 remaining) Click here to read the eBook: Debt Management

Save Submit Assignment for Grading cestions Problem 4.02 Question 16 of 17 Check My Work (5 remaining) Click here to read the eBook: Debt Management Ratios DEBT TO CAPITAL RATIO Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 4.5 million shares outstanding. The firm's total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. % Check My Work (5 remaining) 0 Icon Key

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