Casey Communications Recently Issued New Common Stock and Used the Proceeds

question 59

Multiple Choice

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?

• A) The company's current ratio increased.
• B) The company's times interest earned ratio decreased.
• C) The company's basic earning power ratio increased.
• D) The company's equity multiplier increased.
• E) The company's debt ratio increased.

Understand the significance of cultural, political, and legal aspects in global business operations.

Gain knowledge of the processes and documents required for working internationally, such as work permits and visas.

Comprehend the importance of compensation, benefits, and challenges faced by expatriates.

Understand the role of international organizations in promoting free trade and global economic cooperation.

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Definitions:

Moral Obligation

A duty or commitment to act in a way that is considered morally right.

Altruistic Service Behaviors

Acts performed by individuals or leaders aimed at helping or benefiting others without expecting anything in return.

Self-Promoting

The act of actively and explicitly promoting one's own abilities, achievements, or qualities, often for personal gain or career advancement.

Virtue-Based Theories

Ethical theories that emphasize virtues or moral character in evaluating the morality of individual actions or behaviors.