QUESTION 28 Sunset 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? O a. The company's current ratio increased. O b. The company's times interest earned ratio decreased. OC. The company's basic earning power ratio increased. O d. The company's equity multiplier increased. Oe. The company's total debt to total capital ratio increased. QUESTION 29 Which of the following would indicate an improvement in a company's financial position, holding other things constant? O a. The inventory and total assets turnover ratios both decline b. The total debt to total capital ratio increases c. The profit margin declines d. The times interest-earned ratio declines. Oe. The current and quick ratios both increase