Question: According to pecking - order theory: Multiple Choice there is a direct relationship between a company's profits and its debt levels. companies avoid external debt

According to pecking-order theory:
Multiple Choice
there is a direct relationship between a company's profits and its debt levels.
companies avoid external debt except as a last resort.
a company's capital structure is independent of its need for external funding.
companies stockpile internally generated cash.
every company has an optimal capital structure
 According to pecking-order theory: Multiple Choice there is a direct relationship

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