Bartley barstools has a marketbook ratio equal to 1 its, Financial Management

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Bartley barstools has a marketbook ratio equal to 1 its

Bartley Barstools has a market/book ratio equal to 1. Its stock price is $13 per share and it has 4.7 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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