Author Question: An example of good internal controls over cash payments is the taking of all cash discounts offered. ... (Read 240 times)

Zulu123 · **on:** Jul 5, 2018

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