ABC Corporation is a nogrowth firm whose sales fluctuate seasonally causing total assets to vary from $330 000

Question

ABC Corporation is a no-growth firm whose sales fluctuate seasonally, causing total assets to vary from $330,000

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? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

Finance