1-Treasury stock represents:

Group of answer choices

A-Number of shares that have been repurchased by the corporation

B-Number of shares that are currently held by stockholders

C-Maximum number of shares that can be issued

D-Number of shares that have been sold.

2-Axle Corporations balance sheet showed the following amounts: total assets, $240,000, current liabilities, $45,000; total liabilities, $90,000. The debt to equity ratio is: Group of answer choices

A-0.44

B-0.55

C-0.60

D-1.25

E-1.60