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Which of the statements below is correct? Select one: a. Financial leverage rises with a lower debt ratio. b. Higher debt ratio is better for

Which of the statements below is correct? Select one:

a. Financial leverage rises with a lower debt ratio. b. Higher debt ratio is better for a company unless the industry is going through a recession. c. Companies with lower debt ratios are more risky to shareholders. d. Having a higher debt ratio is neither good nor bad.

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