If Campbell were to purchase a new warehouse for $1.5 million and finance it entirely with long-term

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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?

The new debt ratio will be.... %. (Round to one decimal place)

Accounts payable $453,000
Notes payable $256,000
Current liabilities $709,000
Long-term debt $1,126,000
Common equity $4,823,000
Total liabilities and equity $6,658,000

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Posted Date: Jan 19, 2021 12:15 PM

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If Campbell were to purchase a new warehouse for $1.5 million and finance it entirely with long-term

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Required solution Total Assets Total liabilities Equity 6658000 Purchase of ... View the full answer

Personal Financial Planning

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