g Supernormal growth is a growth rate that: Multiple Choice is both positive and follows a year or more of negative growth. exceeds a firm's previous year's rate of growth. is generally constant for an infinite period of time. is unsustainable over the long term. applies to a single, abnormal year.

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.