An example of good internal controls over cash payments is the ...

[Zulu123]

An example of good internal controls over cash payments is the taking of all cash discounts offered.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Doolitte & Daley, Inc. has current assets of 100,000; total assets of 300,000; current liabilities of 80,000; total liabilities of 180,000; and shareholders' equity of 120,000. Calculate the debt-to-equity ratio.
 
  A) 125
  B) 60
  C) 40
  D) 150

[mceravolo]

Answer to Question 1

True

Answer to Question 2

D

[Zulu123]

Thanks for the timely response, appreciate it

[cpetit11]

YES! Correct, THANKS for helping me on my review