Consider the following account balances presented in no particular order stion yet answered ked out of 1.00 Flag question $50,000 $20,000 300,000 Mortgage Note Payable (due in 5 years) $200,000 $16,000 $80,000 $35,000 $20,000 $15,000 Cash ccounts Payable and Equipment ccounts Receivable Merchandise Inventory Wages Payable come Taxes Payable Securities Use the information above. There are no other assets or liabilities. Calculate the total debt to assets ratio to the nearest tenth). Select one a. 0.667 b. 0.618 c. 0.597 d. 0.651 4 yet answered ked out of 1.00 Flag question If net sales increase by 4%, from $1,500,000 to $1,560,000, and the cost of goods sold increases 4% from $1,240,000 to $1,289,600, the gross profit from sales will increase by 4% stion Select one a. True b. False