18 CHAPTER SIXTEEN A corporation is in a highly seasonal business, and the following summary balance sheet shows its assets and latest peak and off-peak seasons (in thousands of dollar) Cash Marketable securities Accounts receivable Inventories Net fixed assets Total assets Peak $50 $0 $40 $100 $500 $690 of peak $30 520 $20 $50 $500 $620 Spontaneous liabilities Short-term bank debt Long-term debt Common equity Total Debt & Equity $30 $50 $300 $310 $690 $10 $0 $300 $310 $620 From this data we may conclude that Working capital financing policy is relatively aggressive; that is, the company finances some of its permanent assets with short-term discretionary det There is not enough information provided to answer this question. Vorking capital financing policy calls for exactly matching asset and liability maturities. he corporation follows a relatively conservative approach to working capital financing; that is, some of its short-term needs are met by permanent 18 CHAPTER SIXTEEN A corporation is in a highly seasonal business, and the following summary balance sheet shows its assets and latest peak and off-peak seasons (in thousands of dollar) Cash Marketable securities Accounts receivable Inventories Net fixed assets Total assets Peak $50 $0 $40 $100 $500 $690 of peak $30 520 $20 $50 $500 $620 Spontaneous liabilities Short-term bank debt Long-term debt Common equity Total Debt & Equity $30 $50 $300 $310 $690 $10 $0 $300 $310 $620 From this data we may conclude that Working capital financing policy is relatively aggressive; that is, the company finances some of its permanent assets with short-term discretionary det There is not enough information provided to answer this question. Vorking capital financing policy calls for exactly matching asset and liability maturities. he corporation follows a relatively conservative approach to working capital financing; that is, some of its short-term needs are met by permanent