a. What percentage of the firm's assets does the firm finance using debt (liabilities)? _____ (Round to one decimal place)

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?____

Accounts payable S485,000 Notes payable $243,000 Current liabilities $728,000 Long-term debt $1,186,000 Common equity $4,926,000 Total liabilities and equity $6,840,000 (Click on the icon o in order to copy its contents into a spreadsheet.)