Berry Rich, Inc. had 600,000 in total assets, of which 200,000 ...

[Alygatorr01285]

Berry Rich, Inc. had 600,000 in total assets, of which 200,000 are current assets, and 200,000 in shareholders' equity, of which 80,000 is contributed capital. Calculate the debt-to-equity ratio. Round your answer to the nearest whole percent.
 
  What will be an ideal response?

Question 2

Net sales less sales returns and allowances and sales discounts equal gross sales.
 a. True
   b. False
   Indicate whether the statement is true or false

[itsakadoozi]

Answer to Question 1

(600,000  200,000 ) / 200,000 = 200

Answer to Question 2

False

[Alygatorr01285]

Thanks for the timely response, appreciate it

[nathang24]

Great answer, keep it coming