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