Albrecht Inc. is a no-growth firm whose sales fluctuate seasonally, causing total assets to vary from $320,000 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

$320,000

Explanation:

We are been given the following values in the question

Lower total asset range = $320,000 Upper total asset range = $410,000

Now for us to get the total long term debt plus equity capital

We use the following method.

Minimum total assets = FA + Min. CA

=$320,000

= LT Debt + Equity

A maturity matching policy means that when fixed assets and permanent current assets are been financed or sponsored by long-term financing

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