2A2Q DOUGLAS COMPANY PURCHASED 10,000 SHARES OF ITS COMMON STOCK AT T...

64.

CSO: 2A2d

LOS: 2A2q

Douglas Company purchased 10,000 shares of its common stock at the beginning of the

year for cash. This transaction will affect all of the following except the

a.

debt-to-equity ratio.

b.

earnings per share.

c.

net profit margin.

d.

current ratio.