The par value per share of common stock represents a. the minimum selling price of the stock established by the articles of incorporation b. the minimum amount the stockholder will receive when the corporation is liquidated c. the monetary amount assigned to each share of stock d. the amount of dividends per share to be received each year

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.