Which transaction results in a company debiting cash and crediting notes payable? Select one: a. Issuance of notes payable b. Redemption of notes payable c. Cash receipt of interest on notes d. Interest payment on notesIf a company's debt-to-total-assets ratio is equal to 60% and if it has a total liabilities balance of $120,000, how much is the company's total assets balance? Select one: a. $200,000 b. $128,000 c. It cannot be determined from the information given d. $72,000