Problem
a. What is the difference between permanent assets and temporary assets?
b. If a firm uses the maturity matching approach to current asset financing, how will its temporary assets be financed?
c. Describe three alternative current asset financing policies. Explain each policy's risk and return characteristics.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.