Generally Speaking,which of the Following Situations Will Occur If a Seasonal

Generally speaking,which of the following situations will occur if a seasonal company adopts a compromise financial policy?
I.periods where short-term financing is required
II less long-term debt than if the firm followed a restrictive financial policy
III.periods of excess funds which can be invested in short-term marketable securities
IV.lower investment in fixed assets than if the firm adopted a flexible financial policy

A) I and III only
B) II and IV only
C) I only
D) I,III and IV only
E) II only