Which of the following statements is false? a. like typical large us companies, apple uses about 60% debt in its capital structure. b. in a chapter 7 bankruptcy liquidation, employees and trade creditors have lower priority amongclaimants than senior and secured lenders. c. in a bankruptcy reorganization, middle managers or 'white collar' employees lose their jobsmore commonly than production workers or 'blue collar' employees. d. following a chapter 11 filing a few years earlier and failed attempts to negotiate concessionswith its unions, hostess again in 2012 filed for bankruptcy with the intent to liquidate its assets