Allison O'Toole sells high end accessories at her resort boutique in Destin,FL.During the past ten years,Allison's business has performed quite well.Even when she made the decision to expand her store by purchasing the building next door,she financed this event by reinvesting her profits.Up until now,Allison has:

Question

Quizplus · Accepted Answer

The passage states that Allison financed the expansion of her store by reinvesting her profits. This indicates that she utilized equity financing to finance large capital expenditures, as opposed to debt or leveraged financing, or selling stock for equity financing.

Allison O'Toole Sells High End Accessories at Her Resort Boutique