If Campbell were to purchase a new warehouse for $1.5 million and finance it entirely with long-term debt, what would be the firm's new debt ratio?

The new debt ratio will be.... %. (Round to one decimal place)

Accounts payable $453,000 Notes payable $256,000 Current liabilities $709,000 Long-term debt $1,126,000 Common equity $4,823,000 Total liabilities and equity $6,658,000