A Cash Flow Adequacy Ratio, When Measured Over the Last

A cash flow adequacy ratio, when measured over the last several years, of less than one:

A) Indicates that a company's net income is too low relative to its sales level
B) Indicates that a company should decrease its dividend payout ratio
C) Indicates that a company needs to pay down its debt to decrease interest costs
D) Indicates that a company's internally generated cash flows have not been sufficient to cover dividend payments and support past growth levels