1A The liabilities and ownersequityfor campbellindustries isAccts Payable $46300

1A The liabilities and ownersequityfor campbellindustries isAccts Payable $463000Notes Payable $246000Current Liabilities $709000Long-termDebt$1255000CommonEquity $4760000Total liabilities and equity $6724000A. What percentage of the firmsassetsdoes the firmfinance using debt (liabilities)?B. If Campbell were to purchase a new warehouse for $1.2 millionand finance it entirely with long-termdebt what would be thefirms newdebtratio?