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(Related to Checkpoint 4.2) (Capital structure analysis) The liabilities and owners' equity for Campbell Industries is found here: a. What percentage of the firm's assets does the firm finance using debt (liabilities)? b. If Campbell were to purchase a new warehouse for $1.1 million and finance it entirely with long-term debt, what would be the firm's new debt ratio' Data table (Capital structure analysis) The Karson Transport Company currently has net operating income of $491,000 and pays interest expense of $192,000. The company plans to borrow $1.11 million on which the firm will pay 12 percent interest. The borrowed money will be used to finance an investment that is expected to increase the firm's net operating income by $408,000 a year. a. What is Karson's times interest earned ratio before the loan is taken out and the investment is made? b. What effect will the loan and the investment have on the firm's times interest earned ratio