Question: how do you work this? Question 3 20 pts Below is the common equity section (in millions) of Timeless Technology's last two year- end balance

how do you work this? how do you work this? Question 3 20 pts Below is the

Question 3 20 pts Below is the common equity section (in millions) of Timeless Technology's last two year- end balance sheets: 2018 2017 Common stock 2,000 1,000 Retained earnings 2,000 2,340 Total common equity $4,000 $3,340 The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT? The firm had positive net income in both 2017 and 2018, but its net income in 2018 was lower than it was in 2017 The company's net income in 2018 was higher than in 2017 The company has more equity than debt on its balance sheet The firm issued common stock in 2018 The market price of the firm's stock doubled in 2018

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