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Problem 1: Konko Inc.'s financial statements show relatively high amounts of long-term debt. Additionally, at certain points in the year, it invests excess cash in short-term investments but never has any short-term debt outstanding. What type of approach does Konko appear to be following to finance its investment in net working capital? Explain why you chose that answer.
a) A spontaneous approach b) An aggressive approach c) A moderately conservative approach d) A conservative approach
Financial Accounting Application of Concept Assignment help and solution, College Of Banking And Financial Studies - assessment writing service
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