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49) At the end of last year, Ace Company had total assets in the amount of $6,000,000 and total liabilities in the amount of $4,000,000.
49) At the end of last year, Ace Company had total assets in the amount of $6,000,000 and total liabilities in the amount of $4,000,000. The company issued shares to new stockholders at the beginning of the current year for $1,000,000. As a direct result of this transaction, the: A) debt-to-assets ratio will increase. B) net profit margin ratio will decrease. C) net profit margin ratio will increase. D) debt-to-assets ratio will decrease
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