What is a firm's debt ratio if its total assets are $135,000, equity is $75,000, current liabilities are $24,000, and total liabilities are $105,000?

The function that keeps track of all the company's financial transactions by documenting the money coming in and money going out and balancing the accounts at the end of the period refers to the auditing function.

a. true b. false

What is the appropriate term from systems theory for the part that directs and controls other parts of the system?

A. Production subsystem D. System maintenance subsystem B. Managerial subsystem E. Adaptive subsystem C. System structure