Which one of the following is the most favorable opinion an auditor can give a company following an audit?

Fangled Company prepared the following balance sheet:

Fangled Company Balance Sheet December 31, 20X3 Current Assets: Current Liabilities: Cash $ 6,000 Accounts Payable $ 3,000 Accounts Receivable 4,000 Wages Payable 2,000 Inventory 14,000 Total Current Liabilities $ 5,000 Total Current Assets 24,000 Long-term Bond Payable 24,000 Total Liabilities $29,000 Long-term Assets: Stockholders' Equity: Fixed Assets $60,000 Common Stock $ 12,000 Accumulated Depr. (17,000 ) Retained Earnings 26,000 Net Fixed Assets 43,000 Total Stockholders' Equity 38,000 Total Assets $67,000 Total Liabilities & Stockholders' Equity $67,000 What is the debt-to-total-assets ratio for Fangled Company at December 31, 20X3? A) 7.46%. B) 35.82%. C) 43.28%. D) 100.00%. E) 231.03%.

What is the primary benefit of effective internal control in an organization?

a. Achievement of certain organizational goals. b. Completion of a successful audit for the entity. c. Shareholder involvement in the company's success. d. Obtaining profitability and financial strength.