Which of the Following Does Not Correctly Describe the Effect

question 89

Multiple Choice

Which of the following does not correctly describe the effect of Mylan Company declaring and distributing a 2-for-1 common stock split?

• A)Mylan's current ratio remained the same.
• B)Mylan's return on equity ratio remained the same.
• C)Mylan's debt-to-equity ratio remained the same.
• D)Mylan's earnings per share remained the same.

---

Definitions:

Liability For Negligence

A legal obligation that arises when an individual or entity fails to take reasonable care to avoid causing injury or loss to another person.

Monthly Bank Statements

Regular summaries provided by a bank detailing all transactions, fees, and changes in an account for each month.

Forged Signatures

Unauthorized signatures on a document, crafted to deceive or commit a fraud by impersonating another individual.

Uniform Commercial Code Article 3

A section of the Uniform Commercial Code that governs negotiable instruments, such as checks and promissory notes.