Why is the following statement true? Other things being the same, firms with relatively stable sales are
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Why is the following statement true? “Other things being the same, firms with relatively stable sales are able to carry relatively high debt ratios.”
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If sales tend to fluctuate widely then cash flows and the ability to service fixed c...View the full answer
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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