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i hope this helps!! thanks! Sartside Beach Towel, Inc. is in a highly seasonal business, and the following summary balance sheet data show its sets

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i hope this helps!! thanks! image text in transcribed
Sartside Beach Towel, Inc. is in a highly seasonal business, and the following summary balance sheet data show its sets and liabilities at peak and off-peak senons in thousands of dollars) Peak Off-Peak Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 20 Inventories 100 50 Net fixed assets 00 500 Total assets 5690 5620 Payables and accruals $ 30 $ 10 Short-term bank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims $690 $620 Prom this data we may conclude that: a Surfside Beach Towels current standing pacy calls for exactly matching asset and liability matures O . Surtside Beach Tower current asset financing policy is relatively aggressive that is, the company finances some of its permanent assets with short term discretionary detit, Surtside Beads Towels follows a relatively conservative approach to current astet financing that is, some of its short term needs are met by permanent capital . Without income statement dat we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy Without Cach flow data, we cannot determine the aggressiveness or conservation of Surfside Beach Towels current asset financing policy Surfside Beach Towels, Inc. 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 Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 20 Inventories 100 50 Net fixed assets 00 500 Total assets $690 $620 Payables and accruals $ 30 $ 10 Short-terbank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims 5690 S620 From this data we may conclude that: O a Surfside Beach Towels' current asset financing policy calls for exactly matching asset and liability maturities O b. Surfside Beach Towels current asset financing policy is relatively aggressive that is, the company finances some of its permanent assets with short-term discretionary debt. O Surtse Beach Towels follows a relatively conservative approach to current asset financing that is some of its short-term needs are met by permanent capital d. With at income statement data, we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy Wit ut cash flow date, we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy Sartside Beach Towel, Inc. is in a highly seasonal business, and the following summary balance sheet data show its sets and liabilities at peak and off-peak senons in thousands of dollars) Peak Off-Peak Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 20 Inventories 100 50 Net fixed assets 00 500 Total assets 5690 5620 Payables and accruals $ 30 $ 10 Short-term bank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims $690 $620 Prom this data we may conclude that: a Surfside Beach Towels current standing pacy calls for exactly matching asset and liability matures O . Surtside Beach Tower current asset financing policy is relatively aggressive that is, the company finances some of its permanent assets with short term discretionary detit, Surtside Beads Towels follows a relatively conservative approach to current astet financing that is, some of its short term needs are met by permanent capital . Without income statement dat we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy Without Cach flow data, we cannot determine the aggressiveness or conservation of Surfside Beach Towels current asset financing policy Surfside Beach Towels, Inc. 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 Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 20 Inventories 100 50 Net fixed assets 00 500 Total assets $690 $620 Payables and accruals $ 30 $ 10 Short-terbank debt 50 0 Long-term debt 300 300 Common equity 310 310 Total claims 5690 S620 From this data we may conclude that: O a Surfside Beach Towels' current asset financing policy calls for exactly matching asset and liability maturities O b. Surfside Beach Towels current asset financing policy is relatively aggressive that is, the company finances some of its permanent assets with short-term discretionary debt. O Surtse Beach Towels follows a relatively conservative approach to current asset financing that is some of its short-term needs are met by permanent capital d. With at income statement data, we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy Wit ut cash flow date, we cannot determine the aggressiveness or conservatism of Surfside Beach Towels current asset financing policy

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