Question 3 (0.1 points) 02 Below is the common equity section (in millions) of Fethe Industries' last two year-end balance sheets: 2012 2011 Common stock $2.000 $1,000 Retained earnings 2.000 2.340 Total common equity $4.000 $3.340 The company has never paid a dividend to its common stockholders. Which of the following statements is CORRECT? O The company has more equity than debt on its balance sheet. O The company issued common stock in 2012. O The company's net income in 2011 was higher than in 2012. O The market price of the company's stock doubled in 2012. The company had positive net income in both 2011 and 2012, but the company's net income in 2009 was lower than it was in 2011. Question 4 (0.1 points) 02 Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet? The company gives customers more time to pay their bills. O The company pays a dividend. O The company purchases a new piece of equipment. O The company issues new common stock. The company repurchases common stock Question 5 (0.1 points) 02 Which of the following items cannot be found on a firm's balance sheet under current liabilities? Short-term notes payable to the bank. Accrued wages. Accrued payroll taxes. Accounts payable. Cost of goods sold