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