If the Total Long Term Financing of the Firm Is

If the total long term financing of the firm is greater than the total financing needs for part of the year, and less than the needs for some of the year due to seasonal fluctuations, the company will most likely:

A) hold excess cash.
B) borrow short term and hold excess cash.
C) hold excess cash and reduce business activities.
D) invest in marketable securities and borrow short term.
E) None of the above.