Capital Structure Analysis_liabilities and owners equity for Campbell Industries

(Capital Structure Analysis) The liabilities and owners’ equity for Campbell Industries is found here.              
Account Payable: $523,000              
Notes Payable: $252,000              
Current liabilities $775,000              
Long-term debt: $1,210,000              
Common equity: $4,716,000              
Total liabilities and equity $6,701,000              
              
a. What fraction of the firm’s assets does the firm finance using debt (liabilities)? (round to one decimal place)              
b. If Campbell 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?