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Halka Company is a no-growth firm. Its sales fluctuate seasonally, causing total assets to vary from $395,000 to $440,000, but fixed assets remain constant at
Halka Company is a no-growth firm. Its sales fluctuate seasonally, causing total assets to vary from $395,000 to $440,000, but fixed assets remain constant at $260,000. 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? a. $655,000 b. $700,000 c. $395,000 d. $440,000 e. $417,500
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