Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.9 million shares outstanding. The firm's total capital is $120 million and itfinances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places.%

Debt is very important for the business and also interest on the debt is tax deductible so it…

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.9 million shares outstanding. The firm Finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.9 million shares outstanding. The firm Finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.9 million shares outstanding. The firm's total capital is $120 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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