Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 44,000 $ 42,000 Inventory 32,000 44,000 Net sales 199,000 197,000 Cost of goods sold 116,000 110,000 Total assets 431,000 414,000 Total stockholders' equity 246,000 232,000 Net income 35,000 31,000 TPX Company's 2021 debt to equity ratio is:. a. 75.20%.
b. 30.97%.
c. 8.28%.
d. 14.23%.

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone