The liabilities and$$ stockholders' equity for Campbell Industries is found$$ here: LOADING.... a$.$ What percentage of the$$ firm's assets does the firm finance using debt$($liabilities$)?$ b$.$ If Campbell were to purchase a new warehouse for $$$$1\mathrm{.}1$ million and finance it entirely with$$ long$-$term debt, what would be the$$ firm's new debt$$ ratio? Question content area bottom Part $1$ 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 usiAccounts payable $490,000$

Notes payable $241,000$

Total current liabilities $731,000$

Long$-$term debt $1,136,000$

Total liabilities $1,867,000$

Total common stockholders' equity $4,696,000$

Total liabilities and stockholders' equity $6,563,000$