Below is the common equity section (in millions) of Timeless Technology's last two year-end balance sheets: 2013 2012Common stock $2,000 $1,000Retained earnings 2,000 2,340Total common equity $4,000 $3,340The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT?a. The company's net income in 2013 was higher than in 2012.b. The market price of the firm's stock doubled in 2013.c. The firm issued common stock in 2013.d. The firm had positive net income in both 2012 and 2013, but its net income in 2013 was lower than it was in 2012.e. The company has more equity than debt on its balance sheet.

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.