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Emerald Company issued additional shares. Which of the following is true with regard to the effect of the share issuance transaction on Emerald's ratio calculations?

Emerald Company issued additional shares. Which of the following is true with regard to the effect of the share issuance transaction on Emerald's ratio calculations?

Earnings per share decreased

Return on equity remained unchanged

The debt-to-equity ratio increased

The asset turnover ratio decreased

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