The lower the liquidation then, the company is said to be more ________.a.depending on management`s discretionb.profitablec.unprofitabled.at par

To determine the correct answer to the statement "The lower the liquidation then, the company is said to be more ______," we need to analyze the choices provided.

1. Understanding Liquidation: Liquidation refers to the process of winding up a company's affairs by selling off its assets to pay creditors. A lower level of liquidation would imply that the company is less likely to be in a state of selling its assets, which is often associated with financial troubles.

2. Analyzing the Options:

   • a. depending on management's discretion: This option does not directly relate to financial health or liquidation levels.
   • b. profitable: If a company is profitable, it generally does not need to liquidate assets, suggesting that a lower level of liquidation could correlate with profitability.
   • c. unprofitable: This is contradictory; a lower liquidation would be associated with a healthier financial situation, not one that is unprofitable.
   • d. at par: This term is used in finance to describe a bond trading at its face value, which does not directly relate to liquidation.

3. Conclusion: The most logical choice based on the financial implications of lower liquidation is b. profitable. A lower level of liquidation typically indicates better financial health and profitability.

Final Answer

b. profitable