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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $16 per share...

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Finance

Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $16 per share and it has 5.5 million shares outstanding.The firm's total capital is $125 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.

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4.3 Ratings (610 Votes)
Solution As per the information given in the question we have Stock price per share 16 per share No of shares outstanding 5500000 Thus the market value of equity 16 5500000 88000000    See Answer
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Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $16 per share and it has 5.5 million shares outstanding.The firm's total capital is $125 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.

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