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Millers Hardware has a flexible short-term financing policy. Over the course of one year, the firm should expect to have some months that allow it
Millers Hardware has a flexible short-term financing policy. Over the course of one year, the firm should expect to have some months that allow it to:
repay all of its debts.
invest in marketable securities.
reduce its total costs below the firms normal minimum total cost point.
finance all of its assets with short-term loans.
earn high returns on all its current assets.
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