Marked out of Question 5 Not yet answered Flag question X Company presented the following comparative financial information Items 2019 1,600,000 Net sales Other Income 22,100 Total Revenues 1,622,100 Cost and expenses Cost of sold 740,000 90,000 Research and development General expenses 600,000 Interest 19,000 Other 14,000 Total expenses 1.463,000 159,100 Earnings before income tax income taxes Earnings before no controlling interest 62,049 97,051 Operating income 170,000 29,610 211,100 Average common share issued Average long-term debt Average stockholders' equity(all common) Average total assets Average operating assets 811,200 1.440,600 390,200 Debt/Equity Ratio helps determine how well creditors are protected in case of insolvency Select one: True False