Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company's total assets or operating income. Which of the following effects would occur as a result of this action? Group of answer choices
The company's current ratio increased.
The company's total debt to total capital ratio increased.
The company's equity multiplier increased.
The company's basic earning power ratio increased.
The company's times interest earned ratio decreased.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following dа ta: Net income $280,000 Depreciation expense 48,000 Loss on disposal of equipment 19,520 Increase in accounts receivable 17,280 Increase in accounts
Answers (1)
A special form of licensing in which one company grants another company the right to market its product in accordance with its standards in exchange for a financial commitment is called: a) a joint venture. b) contract manufacturing.
Answers (1)
Routing Solutions paid $ 206 comma 000 to acquire Tabletz, Inc., an electronic gadgetminusadvertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $ 206 comma 000 and liabilities of $ 103 comma 000.
Answers (1)
The two most important state taxes are income and general sales taxes, although states also make substantial use of excise taxes, direct business taxes (usually a corporate income tax), and others.
Answers (1)
Which of the following terms is defined by the activity, set of instructions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large?
Answers (1)
New Questions in Business
Watson Corporation prepared the following reconciliation for its first year of operations: Pretax Financial income for 2017 = $1,400,000 Tax exempt interest (permanent difference) = - $100,000 Originating temporary difference =
Answers (1)
The Anti-Kickback Act of 1986 intends to prevent: A. bribery, by punishing perpetrators with up to 15 years in prison. B. any scheme to defraud federally insured financial institutions. C.
Answers (1)
Jason is the marketing head at his company. He was working on the promotion of a new product. He had included the print media in his advertisement campaign.
Answers (1)
38. Money is an imperfect store of value when a. the rate of inflation is high. b. the unemployment rate is high. c. gold prices are falling. d. businesses are failing due to bankruptcy.
Answers (1)
The first step in the decision-making process is to a. define your wants and needs b. identify your choices c. make a decision d. gather information
Answers (1)