Answer: Sale leaseback

**Explanation:** Sale leaseback is a type of balance sheet restructuring where a company sells an asset (typically real estate or equipment) and then leases it back from the buyer. This transaction: - **Improves liquidity** by converting fixed assets into cash - **Reduces debt** on the balance sheet - **Maintains operational use** of the asset through the lease arrangement **Why not the others:** - **Franchising (A)** is a business expansion strategy, not a balance sheet restructuring - **Outsourcing (B)** is an operational restructuring that affects cost structure, not the balance sheet directly Sale leaseback transactions are commonly used to optimize capital structure and improve financial flexibility.

Author: LeetQuiz .