(Capital Structure Analysis) The liabilities and owners equityfor Campbell Indus

(Capital Structure Analysis) The liabilities and owners equityfor Campbell Industries is found here.Account Payable: $523000Notes Payable: $252000Current liabilities $775000Long-term debt: $1210000Common equity: $4716000Total liabilities and equity $6701000a. What fraction of the firms assets does the firm finance usingdebt (liabilities)? (round to one decimal place)b. If Campbell were to purchase a new warehouse for 1.1 million andfinance it entirely with long-term debt what would be the firmsnew debt ratio?