Chapter 15 Capital Structure Policy A firm has the following financial structure: Accounts payable $100,000 Short-term debt $400,000 Current liablities$500,000 Long-term dett Owner's equiety $1.500,000 total $2.000,000 $.00,000 The firm would like to raise $2 million for its expansion a. b, What are its debt ratio and interest-bearing debt ratio in its present capital structure? If the firm wants to have a debt ratio of 50%, how much equity does the firm need to raise to finance the expansion