What is its debt-to-capital ratio

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.5 million shares outstanding. The firm's total capital is $130 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: EM131965581

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