Business & Finance Assignment | custom Homework Help
December 28th, 2019
Which of the following statements relating to working capital financing is not correct?
a) Long-term debt is less risky that short-term debt
b) An aggressive policy uses long-term debt to finance fluctuating current assets
c) The matching principle indicates that fluctuating current assets should be financed by short-term debt
d)Short-term debt is cheaper than long-term debt
e) A conservative policy uses long-term debt to finance fixed assets