Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. kaye's kitchenware has a market/book ratio equal t

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

50.1K

Verified Solution

Question

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.

Answer & Explanation Solved by verified expert
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
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

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.

Other questions asked by students

Q

Calculate the amount of money that will be in each of the following accounts at the...

Finance
Q

Because some people are unable to stand to have their height measured, doctors use the height...

Basic Math
Q

Apply psychodynamic theory to such delinquent acts as shoplifting and breaking and entering a house.

Psychology
Q

Can Religion be Mixed with Organizational Behavior?

General Management
Q

Which of the following statements is TRUE O All substances are not composed of atoms...

Biology
Q

at has happened to fish populations as a result primarily of commercial fishing activity Some...

Biology
Q

The position of vector of a particle that is moving in three dimensions is given...

Physics
Q

Question 6 2 points Given p x is a transformation of the graph f x...

Basic Math
Q

Otto used 6 cups of whole wheat flour and x cups of white flour in...

Basic Math
Q

Use partial fractions to evaluate d dx O 5 ln 2 1 6 C O...

Calculus
Q

The course is Accounting theory. What are the major disciplines that have influenced the...

Accounting
Q

This assignment contributes 30% towards the final mark. 3 Instructions to Student 1. Remember to...

Accounting