A conversely financed firm would:

A$)$ Use long$-$term financing for all fixed assets and short$-$term financing for all other assets.

B$)$ Finance a portion of permanent assets and short$-$term assets with short$-$term debt.

C$)$ Use equity to finance fixed assets, long$-$term debt to finance permanent assets, and short$-$term debt to finance fluctuating current assets.

D$)$ Use long$-$term financing for permanent assets and fixed assets and a portion of the short$-$term fluctuating assets and use short$-$term financing for all other short$-$term assets.