The term "permanent current assets" implies:
A) the same thing as capital assets.
B) nonmarketable assets.
C) some minimum level of current assets that is not self-liquidating.
Ideally, all current assets will be:
A) financed by short-term debt.
B) long-term in nature.
D) internally financed.
Normally, permanent current assets should be financed by:
A) long-term funds.
B) short-term funds.
C) borrowed funds.
D) internally generated funds.
Ideally, which of the following types of assets should be financed with long-term financing?
A) Capital assets only
B) Capital assets and temporary current assets
C) Capital assets and permanent current assets
D) Temporary and permanent current assets