Ebl industries its products in foreign countries, where labor is less expensive and production sites are owned by other companies. this strategy allows ebl industries to experiment in new markets without incurring the large start-up costs involved with building its own production facilities.

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.