Enscoe enterprises, inc. (eei) has 260,000 shares authorized, 220,000 shares issued, and 30,000 shares of treasury stock. at this point, eei has $1,340,000 of assets. $200,000 liabilities, $500,000 of common stock, and $640,000 of retained earnings. further, assume that the market value of eei's common stock is $8 per share.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation