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The 2008 financial statements for Carmela's Catering are as follows:
The firm has 100,000 shares of common stock outstanding with a market value of $8 a share.
-Refer to the information above. What is the financial debt-to-capital ratio, based on the book value of the equity? Round your answer to the nearest tenth of a percent.
Market Matching
A strategy used by businesses to align their offerings, products, or services with the demands and needs of the market.
Strategic Compensation
The design and implementation of compensation systems to align employee rewards with the organization's strategic objectives.
Business Objectives
Goals and targets that a business aims to achieve in a set period.
Compensation Systems
Structured plans implemented by businesses to reward and provide financial benefits to employees for their work and performance.
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