(Related to Checkpoint 4.2) (Capital structure analysis) The liabilities and owners' equity for Campbell Industries is found here: E - X Data Table 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 $1.1 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 26.7%. (Round to one decimal place.) Accounts payable Notes payable Current liabilities Long-term debt Common equity Total liabilities and equity $460,000 $240,000 $700,000 $1,285,000 $5,441,000 $7,426,000 b. If Campbell were to purchase a new warehouse for $1.1 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.) Print Done