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What is debt-to-capital ratio

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Reference no: EM133109101

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $14 per share and it has 4.6 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.

Reference no: EM133109101

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