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____ [38]
3 years ago
11

Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. Thi

s 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.
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

The company's current ratio increased.

Explanation:

What would happen to this company is that the company's current ratio would increase. The current ratio refers to a ratio that measures the company's capacity to fulfill its short-term obligations, usually within a year. Therefore, this can also be considered a liquidity ratio. The way in which it does it is by comparing the company's current assets to its current liabilities. The current ration in this case would increase due to the fact that the company used the money to pay off some of its short-term notes payable.

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Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c
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Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

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Calculating the Incremental income therefore we have,

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During the elaboration stage of an organization: Group of answer choices change management is the most important skill that huma
Leno4ka [110]

Answer:

change management is the most important skill that human resource personnel contribute.

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