a.What percentage of the firm's assets does the firm finance using debt (liabilities)? b.If Rogers...
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a.What percentage of the firm's assets does the firm finance using debt (liabilities)? b.If Rogers 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? Accounts payable $471,000 Notes payable $244,000 Current liabilities $715,000 Long-term debt $1,206,000 Common equity $4,704,000 Total liabilities and equity $6,625,000 PLEASE answer questions a. and b. legibly. Thank you.
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