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

$1.1

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

Accounts payable Notes payable Current liabilities Long-term debt Common equity Total liabilities and equity $466,000 $252,000 $718,000 $1,118,000 $4,633,000 $6,469,000