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

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

Ll companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. assets and costs are proportional to sales. debt and equity are not. a dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $10,584. what is the amount of the external financing need?