The liabilities and owners' equity for Campbell Industries is found here:
a. What perce...
Business, 25.02.2020 17:50 josephcarriveau
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
Answers: 3
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