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 $ 1.3 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
nothing?%. (Round to one decimal place.)

Accounts payable $536,000

Notes payable $258,000

Current liabilities $794,000

Long-term debt $1,108,000

Common equity $5,080,000

Total liabilities and equity $6,982,000

Answer rating: 100% (QA)

a Long Term Debt 1108000 Current Liabilities 794000 Total Debt 1108000 794000 1... View the full answer