Question: Accounts payable $514,000 Notes payable $249,000 Current liabilities $763,000 Long-term debt $1,148,000 Common equity $4,835,000 Total liabilities and equity $6,746,000 What percentage of thefirm's assets

Accounts payable $514,000

Notes payable $249,000

Current liabilities $763,000

Long-term debt $1,148,000

Common equity $4,835,000

Total liabilities and equity $6,746,000

What percentage of thefirm's assets does the firm finance using debt(liabilities)?

b.If Campbell were to purchase a new warehouse for $1.2 million and finance it entirely withlong-term debt, what would be thefirm's new debtratio?

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