At the end of last year, Ace Company had total assets in the amount of $6,000,000 and total liabilities in the amount of
Posted: Tue Jul 05, 2022 11:47 am
At the end of last year, Ace Company had total assets in theamount of $6,000,000 and total liabilities in the amount of$4,000,000. The company issued shares to new stockholders at thebeginning of the current year for $1,000,000. As a direct result ofthis transaction, The:
. net profit margin ratio will increase
. asset turnover ratio will decrease
.debt-to-assets ratio will increase
.net profit margin ratio will decrease
. net profit margin ratio will increase
. asset turnover ratio will decrease
.debt-to-assets ratio will increase
.net profit margin ratio will decrease