What is financial slack, What is financial slack? Why do firms wish to have financial, Financial Accounting

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What is financial slack

Response to the following questions:

1. Rank the following sources of capital in order of preference, according to the pecking order explanation of capital structure:

¦ Issue debt

¦ Sell shares of stock

¦ Retained earnings

2. What is financial slack? Why do firms wish to have financial slack?

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Financial Accounting: What is financial slack

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Financial Accounting: What is financial slack

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