According to the composite sources-and-uses data presented in Chapter

According to the composite sources-and-uses data presented in Chapter 1, the main net source of funds for U.S. nonfinancial firms over the years 1980-2000 is:

a. proceeds from debt offerings.
b. proceeds from equity offerings.
c. retained earnings (net cash flow from operations).
d. sales of investments (net of increases in investments).

ANSWER

C