Question: Indicate the answer choice that best completes the statement or answers the question 1. Swim Suits Unlimited is in a highly seasonal business, and the

 Indicate the answer choice that best completes the statement or answers

Indicate the answer choice that best completes the statement or answers the question 1. Swim Suits Unlimited is in a highly seasonal business, and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): Peak Off-Peak S50 Cash Marketable securities Accounts receivable Inventories Net fixed assets Total assets 20 20 50 100 9690 Payables and accruals Short-term bank debt Long-term debt Common equity Total claims S10 S30 50 300 310 9690 From this data we may conclude that Suits current asset financing policy calls for exactly matching asset and liability maturities. ts' current asset financing policy is relatively aggressive; that is, the company finances some of c. Swim Suits follows a relatively conservative approach to current asset financing-that is, some of its short d. Without cash flow data, we cannot determine the aggressiveness or conservatism of the company's e. Without income statement data, we cannot determine the aggressiveness or conservatism of the its permanent assets with short-term discretionary debt. term needs are met by permanent capital. current asset financing policy company's current asset financing policy

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