Firms with Tangible Long-Term Assets and Predictable Cash Flows, Such

Multiple Choice

Firms with tangible long-term assets and predictable cash flows, such as electric utilities, tend to have balance sheets with a

A) high proportion of long-term debt (80% or more) .
B) low proportion of long-term debt (20% or less) .
C) high proportion of shareholders' equity (80% or more) .
D) high proportion of cash (80% or more) .
E) high proportion of retained earnings (80% or more) .