The liabilities and owners' equity for Campbell Industries is found here:
Accounts payable $478,000 Notes payable $241,000 Current liabilities $719,000 ?Long-term debt $1,222,000 Common equity $5,416,000 Total liabilities and equity $7,357,000
What percentage of the firm's assets does the firm finance using debt (liabilities)?
The fraction of the firm's assets that the firm finances using debt is what percent?