Determine what would be the firms new debt ratio

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If Campbell were to purchas a new wearhouse for $1.4 million and finance it entirely with long-term debt, what would be the firm's new debt ratio? The new debt ratio will be ____%

Accounts Payable $545,000

Notes Payable $245,000

Current Liabilities $790,000

Long-term debt $1,217,000

Common Equity $5,207,000

Total liabilities and equity $7,214,000

Reference no: EM13328597

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