Accounts payable Notes payable Current liabilities Long-term debt Common equity Total liabilities and equity $454,000 $260,000 $714,000 $1,198,000 $5,031,000 $6,943,000 P4-6 (similar to) Question Help (Related to Checkpoint 4.2) (Capital structure analysis) The liabilities and owners' equity for Campbell Industries is found here: 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 $1.2 million and finance it entirely with long-term debt, what would be the firm's new debt ratio? a. What percentage of the firm's assets does the firm finance using debt liabilities)? The fraction of the firm's assets that the firm finances using debt is %. (Round to one decimal place.)