The Cavendish Company recently issued new common stock and used the proceeds to pay off...
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Finance
The Cavendish Company 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 times interest earned ratio decreased. The company's debt ratio increased. The company's equity multiplier increased.
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