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Alfalfa Mining Company went through a capital restructuring recently where they issued new stock and used the proceeds to pay off some notes payable and
Alfalfa Mining Company went through a capital restructuring recently where they issued new stock and used the proceeds to pay off some notes payable and long-term debt. Assets and operating income were unaffected.
Check all that apply:
The profit margin increased.
The current ratio increased.
The times interest earned ratio increased.
The equity multiplier increased.
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