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What percentage of the? firm assets

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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

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 $1.2 million and finance it entirely with? long-term debt, what would be the? firm's new debt? ratio?

Reference no: EM132379758

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