Question
Accounts payable $514,000 Notes payable $249,000 Current liabilities $763,000 Long-term debt $1,148,000 Common equity $4,835,000 Total liabilities and equity $6,746,000 What percentage of thefirm's assets
Accounts payable $514,000
Notes payable $249,000
Current liabilities $763,000
Long-term debt $1,148,000
Common equity $4,835,000
Total liabilities and equity $6,746,000
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 million and finance it entirely withlong-term debt, what would be thefirm's new debtratio?
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
