The firms total capital is 115 million and it finances with, Financial Management

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The firms total capital is 115 million and it finances with

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $16 per share and it has 5.3 million shares outstanding. The firm's total capital is $115 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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Financial Management: The firms total capital is 115 million and it finances with

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Financial Management: The firms total capital is 115 million and it finances with

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