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Denton Company is a no-growth firm. Its sales fluctuate seasonally, causing total assets to vary from $234,000 to $292,000, but fixed assets remain constant at
Denton Company is a no-growth firm. Its sales fluctuate seasonally, causing total assets to vary from $234,000 to $292,000, but fixed assets remain constant at $140,000. If the firm follows a maturity matching. (or moderate) working capital financing policy, what is the most likely total of long-term debt plus equity capital? O a $200,000 O b. $234,000 c. $300,000 d. $245,000 e. $260,000
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