Assume Fido's Pets Has a Flexible Short-Term Financing Policy and No

Assume Fido's Pets has a flexible short-term financing policy and no unusual or one-time expenditures are expected.The firm's sales vary by as much as 15 percent from one season to another.During the year,or part of the year,the firm will:
I.invest in some short-term marketable securities.
II.encounter a cash-out.
III.have sufficient funding for all of its total assets.
IV.require some short-term financing.

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