Question: REF = [ C+A/R+Inv+OCA+ GFA+OLTA] [A/P +OCL + OL] - [NI + Depr - Div] Let's change our definition of Required External Financing (REF) by

"REF "=" [" C+A/R+Inv+OCA+ GFA+OLTA"] [A/P +OCL + OL] - [NI" + Depr - Div] Let's change our definition of Required External Financing (REF) by moving Dividends (Div) to the left hand side of the equation (see REF equation above). If REF turns out to be negative which of the following actions could be used to help balance a pro-forma balance sheet?

Question 2 options: Decrease Dividends Decrease Revolver Increase Dividends Decrease Marketable Securities Increase Marketable Securities

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