If drawing up a cash budget, there are periods where the ending cash balance is less than zero, this means that?

If, when drawing up a cash budget, there are periods where the ending cash balance is less than zero, this means that: Select one: O a. The firm is running at a sustainable profit. O b. The firm will need to arrange short-term financing facilities. O c. The firm has excess cash, and should look at short-term investments. O d. The firm is insolvent, and should be liquidated. Questions 10 and 11 refer to the following scenario: Sports Cover