Identify the type of diversification used by the multinational enterprise. a. An oil refinery owns businesses involved in the extraction and processing of raw materials.
b. Kuruma, a Japanese automaker, establishes foreign dealerships to market its products.
c. A producer of office furniture acquires a plant producing automotive exhaust systems.
d. SweetSoda, a U. S. company, produces and bottles an identical product in the Netherlands, Ukraine, and Canada.

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease