Halka Company is a no-growth firm.Its sales fluctuate seasonally,causing total assets to vary from $345,000 to $410,000,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?

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? 11ea856c_8b4a_5cb0_9aec_bfb83c651fa9_TB1222_00 ?
Minimum total assets = FA + Min.CA = $345,000 = LT Debt + Equity
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A maturity matching policy implies that fixed assets and permanent current assets are financed with long-term sources.This is its most likely level of long-term financing.

Halka Company Is a No-Growth Firm