A solvency measure that focuses specifically on the extent to which a company relies on outsiders for funds is:

a. cash flow from operations to capital expenditures ratio
b. debt service coverage ratio
c. times interest earned ratio
d. debt-to-equity ratio

d

Business

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What are the main choices in building a global franchise in the asset management industry? Why have U.S. and European firms typically taken different approaches to building such a global franchise?

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