Below Is the Common Equity Section (In Millions)of Fethe Industries

question 77

Multiple Choice

Below is the common equity section (in millions) of Fethe Industries' last two year-end balance sheets:
The company has never paid a dividend to its common stockholders.Which of the following statements is CORRECT?

• A) The company's net income in 2011 was higher than in 2012.
• B) The company issued common stock in 2012.
• C) The market price of the company's stock doubled in 2012.
• D) The company had positive net income in both 2011 and 2012, but the company's net income in 2009 was lower than it was in 2011.
• E) The company has more equity than debt on its balance sheet.