Casey communications recently issue 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 operation 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 debit ratio increased

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.