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 $1.4 million and finance it entirely with long-term debt, what would be the firm's new debt ratio?

Accounts payable $462,000 Notes payable $253,000 Current liabilities $715,000 Long-term debt $1,173,000 Common equity $5,001,000 Total liabilities and equity $6,889,000