What is debt–equity ratio for company based on market values

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Reference no: EM131058278

Kiedis Corp. has interest bearing debt with a market value of $66.3 million. The company also has 2.2 million shares that sell for $27 per share. What is the debt–equity ratio for this company based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Debt-Equity Ratio: ____ times

Reference no: EM131058278

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What is debt–equity ratio for company based on market values : Kiedis Corp. has interest bearing debt with a market value of $66.3 million. The company also has 2.2 million shares that sell for $27 per share. What is the debt–equity ratio for this company based on market values?

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