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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 $1.4 million and finance it entirely with? long-term debt, what would be the? firm's new debt? ratio?
Accounts payable $492,000
Notes payable $254,000
Current liabilities $746,000
Long-term debt $1,161,000
Common equity $4,928,000
Total liabilities and equity $6,835,000
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