Which of the following statements is false?

(a) If a firm uses operating leases extensively, the analyst should investigate the impact of those leases on leverage ratios

(b) The analyst should read the "Commitments and Contingencies" disclosures to learn of any off-balance-sheet financing or other complex financing arrangements

(c) The analyst should assess whether the right type of debt is used to finance assets, ie, short-term debt is used to finance long-term assets and long-term debt is used to finance current assets.

(d) The analyst should determine the significance of any legal proceedings