If General Talc Mines cannot raise the external financing required through traditional credit channels, the firm may (See Table 3.4)
A. increase sales.
B. purchase additional fixed assets to raise productivity.
C. sell common stock.
D. factor accounts receivable.
Answer:C
If General Talc Mines cannot raise the external financing required through traditional credit channels, the firm may (See Table 3.4)
A. increase sales. B. purchase additional fixed assets to raise productivity. C. sell common stock. D. factor accounts receivable.