Question
Accounts payable $545,000 Notes payable $260,000 Current liabilities $805,000 Long-term debt $1,233,000 Common equity $5,258,000 Total liabilities and equity $7,296,000 What percentage of thefirm's assets
Accounts payable $545,000
Notes payable $260,000
Current liabilities $805,000
Long-term debt $1,233,000
Common equity $5,258,000
Total liabilities and equity $7,296,000
What percentage of thefirm's assets does the firm finance using debt(liabilities)?
b.If Campbell were to purchase a new warehouse for $1.1 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
nothing
%. (Round to one decimalplace.)
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
