According to a 1991 study of the capital structure of large firms throughout the world,
A) Germany had the highest indebtedness ratios of all the countries being studied.
B) Firms in the U.S., the U.K., and Canada tended to use more financial debt than the firms in other countries being studied.
C) U.S. corporations tended to have higher debt ratios than firms in other countries.
D) Firms in the U.S., the U.K., and Canada tended to have lower debt ratios than the other four countries being studied.
Correct Answer:
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