Question
When financing current assets, a risker firm would likely a. use lower-cost short-term debt b. use higher-cost, long-term debt c. carry higher levels of current
When financing current assets, a risker firm would likely
a. use lower-cost short-term debt
b. use higher-cost, long-term debt
c. carry higher levels of current assets to increase liquidity
d. carry higher levels of long-term assets to increase liquidity
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
