Rail europe is a company that promotes and sells european train travel tickets in the north american market. the company was not achieving good results from its website, and visitors rarely stayed on the website long or purchased a ticket. to increase the of its website, the company added more travel-related advice, interactive maps, and other content to its website.

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.