$($Related to Checkpoint $4\mathrm{.}2)($Analyzing capital structure$)$ The liabilities and stockholders' 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\mathrm{.}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.$)$