Author Question: There are three internal control objectives and they are to safeguard the company's reputation, ... (Read 102 times)

joesmith1212 · **on:** Jul 5, 2018

There are three internal control objectives and they are to safeguard the company's reputation, ensure accuratefinancial reports, and ensure compliance with applicable laws.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The debt-to-equity ratio ________.

A) is total shareholders' equity divided by total liabilities
B) is total liabilities divided by total shareholders' equity
C) describes a company's ability to make the interest payments on its debt
D) measures the firms' ability to pay its bills on time