Which one of the following statements about protective tariffs is correct? a. protective tariffs are excise taxes or duties placed on imported products. b. protective tariffs are government payments to domestic producers to reduce the world prices of exported goods. c. protective tariffs are maximum limits on the quantity or total value of specific products imported to a nation. d. protective tariffs are licensing requirements, unreasonable quality standards, and the like designed to impede imports.

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.