Thorndale Industries recently issued new common stock and used the proceeds to reduce its short- term notes payable and accounts payable. This action had no effect on the company's total assets or operating income. Which of the following effects occurred as a result of this action? A. The company's debt ratio decreased. 8. The company's current ratio decreased. C. The company's equity multiplier decreased D. Both A and B E Both A and C

Thorndale industries recently issued new common stock and used the proceeds to reduce its shortterm notes payable and accounts payable. This action had no effect on the company's total assets or operating income. Which of the following effects occurred as a result of this action? A The company's debt ratio decreased. 8. The company's current ratio decreased C. The compan's equity multiplicr decreased. Q. Eoth A and 8 E. Beth And C Thorndale industries recently issued new common stock and used the proceeds to reduce its shortterm notes payable and accounts payable. This action had no effect on the company's total assets or operating income. Which of the following effects occurred as a result of this action? A The company's debt ratio decreased. 8. The company's current ratio decreased C. The compan's equity multiplicr decreased. Q. Eoth A and 8 E. Beth And C