Which of the following statements is most correct?

• A. A company with a low debt ratio will have a high equity multiplier.
• B. If a firm's ROE and ROA are the same, this implies that the firm is financed entirely with debt.
• C. Using cash to purchase inventories will reduce a firm's current ratio.
• D. If a company increases its debt ratio, but leaves EBIT and total assets unchanged, the firm's ROA will decrease.
• E. None of the statements above is correct.