(Related to Checkpoint 4.2) (Capital structure analysis) The liabilities and owners' 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 S1 3 million and financeit entirely with long-term debt what would be the firm's new debt ratio # What percentage of the firm's assets does the firm finance using debt ( lities)? The fraction of the firm's assets that the firm finances using debt is % (Round to one decimal place.) Accounts payable Notes payable Current liabilities Long-term debt Common equity Total liabilities and equity $454,000 $257,000 $711,000 $1,109,000 $4,855,000 $6,675,000