Which of the following is the first step in the managerial decision-making process? a. Development of alternative solutions to a problem b. Recognition of a decision requirement c. Evaluation and feedback d. Selection of the desired alternative to a problem

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease