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True or False 13. EBDAT is earnings before interest, taxes, depreciation, and amortization. 14. A firms maximum sustainable sales growth rate occurs at a retention
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13. EBDAT is earnings before interest, taxes, depreciation, and amortization.
14. A firms maximum sustainable sales growth rate occurs at a retention ratio of 100%.
15. On the balance sheet, Total Liabilities = Total Assets Owners Equity.
16. A bond rating reflects the default risk of a firms bonds as judged by one or more rating agencies.
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