Question: Below is the common equity section ( in millions ) of Teweles Technology's last two year - end balance sheets: 2 0 0 9 2

Below is the common equity section (in millions) of Teweles Technology's last two year-end balance sheets:20092008Common shareRetained earningsTotal common equity$2,0002,000$4,000$1,0002,340$3,340Teweles has never paid a dividend to its common shareholders. Which of the following statements is correct?a. The company's net income in 2009 was higher than in 2008.b. Teweles issued common stock in 2006.c. The market price of Teweles's stock doubled in 2009.d. The company has more equity than debt on its balance sheet.

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