Doyle company issued $500,000 of 10-year, 7 percent bonds on january 1, 2018. the bonds were issued at face value. interest is payable in cash on december 31 of each year. doyle immediately invested the proceeds from the bond issue in land. the land was leased for an annual $125,000 of cash revenue, which was collected on december 31 of each year, beginning december 31, 2018. required organize the transaction data in accounts under the accounting equation for 2018 and 2019

Casey 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? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.