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 $ 1.5 million and finance it entirely with long-term debt, what would be the firm's new debt ratio?

Accounts payable	$482,000
Notes payable	$248,000
Current liabilities	$730,000
Long-term debt	$1,230,000
Common equity	$5,409,000
Total liabilities and equity	$7,369,000