Which of the following is false? I. The lesser the equity multiplier, the smaller is the proportion of a firm's assets that are financed with equity. II. Common-size values on the income statement show each item as a percentage of total assets. III. An increase in the cash coverage ratio means that a firm is less likely to default on its outstanding debt. A. I,II, and III B. I and II only C. II and III only D. I only