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.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » 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.