9 miles because 3/4 x 3 is 2.25 then multiply 2.25 and 4
To add fractions, find the LCD - lowest common denominater, and then Combine. answer is 8/9. Decimal form = 0.888888..........
For LCD find where both bottom numbers equal the same so in this case you would have to multiply 3 times 3 to equal 9. Once you do that the 2 thats on top of the 3 will also have to be multiplied by 3 so it could make sense. Now you must Combine - it would be 6/9 +2/9. you only add the top numbers and leave the bottom number.(that is what its out of). Thus the answer is 8/9.
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Answer:
40% or 0.4
Step-by-step explanation:
The optimal capital structure (OCS) of a firm is defined as "the proportion of debt and equity that results in the lowest weighted average cost of capital (WACC) for the firm"
The brief explanation of this is that OCS is the factor used by a company in maximising their stock price, and this generally calls for a Debt-to-capital or "Debit-to-equity" ratio.
From the table above, the company's stock ratio is highest or maximised at 37.75 (under Projected Stock Price Column)
This can be traced to 40% under Debt/Capital ratio column
Hence, the Debt/Capital Ratio of 40%,
Because it must equate to 100%, we say that the firm's optimal capital structure is 40% debt and 60% equity.
This is also the debt to capital ratio, where the firms WACC is minimized.
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