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Which of the following statements is correct? Select one: a. Firms whose sales are less sensitive to changes in the business cycle are more likely

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Which of the following statements is correct? Select one: a. Firms whose sales are less sensitive to changes in the business cycle are more likely to re/y on debt financing. b. Firms with large tax loss-carry-forwards are more likely to rely on debt financing. c. Firms with a low operating leverage are more likely to rely on debt financing. d. Both Firms whose sales are less sensitive to changes in the business cycle are more likely to rely on debt financing and Firms with a low operating leverage are more likely to rely on debt financing are correct

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