a.What percentage of thefirm's assets does the firm finance using debt(liabilities)?

b.If Campbell were to purchase a new warehouse for $ 1.2

$1.2 million and finance it entirely withlong-term debt, what would be thefirm's new debtratio?

a.What percentage of thefirm's assets does the firm finance using debt(liabilities)?

The fraction of thefirm's assets that the firm finances using debt is ___%. (Round to one decimalplace.)

Accounts payable $453,000- Notes payable $246,000 Current liabilities $699,000 Long-term debt $1,288,000 Common equity $4,761,000 Total liabilities and equity $6,748,000