Capital structure analysis_liabilities and owners equity for campbell

(Capital Structure Analysis) The liabilities and owners’ equity for Campbell Industries is found here.              Account Payable: $523,000              Notes Payable: $252,000              Current liabilities $775,000              Long-term debt: $1,210,000              Common equity: $4,716,000              Total liabilities and equity $6,701,000                            a. What fraction of the firm’s assets does the firm finance using debt (liabilities)? (round to one decimal place)              b. If Campbell were to purchase a new warehouse for 1.1 million and finance it entirely with long-term debt what would be the firm’s new debt ratio?