Curley's Fried Chicken Kitchen operates two southern cooking restaurants in St.? Louis, Missouri, and has the following financial? structure:?. The firm is considering an expansion that would involve raising an additional ?$2.3million.

a. What are the? firm's debt ratio and? interest-bearing debt ratio in its present capital? structure?

b. If the firm wants to have a debt ratio of 50 ?percent, how much equity does the firm need to raise in order to finance the? expansion?

Data Table Accounts payable Short-term debt Current liabilities Long-term debt Owners equity Total Print Done $112,000 405,000 $517,000 2,187,000 1,566,000 $4,270,000