Accounts payable $454,000 Notes payable $246,000 Current liabilities $700,000 Long-t...
Accounts payable $454,000
Notes payable $246,000
Current liabilities $700,000
Long-term debt $1,136,000
Common equity $5,261,000
Total liabilities and equity $7,097,000
(Related to Checkpoint 4.2) (Capital structure analysis) 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 $ 1.2 million and finance it entirely with long-term debt, what would be the firm's new debt ratio?
Homework Answers
A: percentage of the firm's assets That the firm finance using debt (liabilities) =(Current liabilities+Long term liabilities)/ Total liabilities and equity
= (700000+1136000)/7097000
= 25.87%
B: New debt ratio = (Total liabilities+New liabilities)/ Total liabilities and equity
= (700000+1136000+1200000)/( 7097000+1200000)
= 36.59%
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