Kaye's Kitchenware has a market/book ratio equal to 1.200. The firm's stock price is 12.30 USD/share. There are 4.60 million shares outstanding. The firm's total capital is 111 million and the firm finances with only debt and common equity. Calculate the debt to equity ratio."

Kaye's Kitchenware has a market/book ratio equal to 1.200. The firm's stock price is 12.30 USD/share. There are 4.60 million shares outstanding. The firm's total capital is 111 million and the firm finances with only debt and common equity. Calculate the debt to equity ratio."

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 13P

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