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

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.