Author Question: Team Shirts has current assets of 162,348; total assets of 210,837; current liabilities of 86,941; ... (Read 62 times)

ARLKQ · **on:** Jul 5, 2018

Team Shirts has current assets of 162,348; total assets of 210,837; current liabilities of 86,941; total liabilities of 101,745; and shareholders' equity of 109,092. Calculate the debt-to-equity ratio.

A) 188
B) 53
C) 93
D) 193

Question 2

For a strong internal control system over cash, it is important to have the duties related to cash receipts and cashpayments divided among different employees.
a. True
b. False

Indicate whether the statement is true or false