The debt ratio indicates:
a. the ability of the firm to pay its current obligations.
b. the efficiency of the use of total assets.
c. the magnification of earnings caused by leverage.
d. a comparison of liabilities with total assets.
e. none of the answers are correct.
D
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Firms operating globally often need to give some latitude to their local managers to tailor their strategies and practices to meet the needs of their locations. This highlights the ________ aspect of global sourcing
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