question archive The liabilities and? owners' equity for Campbell Industries is found? here: a
The liabilities and? owners' equity for Campbell Industries is found? here: a
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The liabilities and? owners' equity for Campbell Industries is found? here:
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 $1.3 million and finance it entirely with? long-term debt, what would be the? firm's new debt? ratio?
| Accounts payable | $506,000 |
| Notes payable | $242,000 |
| Current liabilities | $748,000 |
| Long-term debt | $1,165,000 |
| Common equity | $4,682,000 |
| Total liabilities and equity | $6,595,000 |
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