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$($Related to Checkpoint $4\mathrm{.}2)($Analyzing capital structure$)$ The liabilities and stockholders' 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\mathrm{.}2$ million and finance it entirely with long$-$term debt, what would be the firm's new debt ratio?

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 using debt is $27\mathrm{.}5\%.($Round to one decimal place.$)$

b$.$ If Campbell were to purchase a new warehouse for $$1\mathrm{.}2$ 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.$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Accounts payable,$$468,000$