A Cash Flow Adequacy Ratio, When Measured Over the Last

A cash flow adequacy ratio, when measured over the last several years, of less than one:

A) indicates that a company's net income is too low relative to its sales level.
B) indicates that a company should decrease its dividend payout ratio.
C) indicates that a company needs to pay down its debt to decrease interest costs.
D) indicates that a company's internally generated cash flows have not been sufficient to cover dividend payments and support current operating growth levels.