On the surface, it seems that a firm would want to hold high levels of current assets to ensure its liquidity and its ability to meet all of its short-term obligations. However, current assets are not very productive and generate very low returns when held. Therefore, a firm must strike a balance and hold those types and quantity of current assets that work best for it. In the following table, identify which current asset investment policy is most likely to work best for each firm. Current Asset Investment Policy Moderate Relaxed Restricted Spendthrifts Industries is a mature firm that has reliable funding sources and strong, stable cash flows. It places a higher value on avoiding current asset shortages than it does on minimizing the cost of holding current assets St. McStanky Beer Co. uses a current asset investment policy that gives a balanced cash conversion cycle between extremely long and extremely short. Tullbotics Inc. minimizes current assets (including cash, marketable securities, accounts receivable, and inventory) as much as possible