Redimaker, Inc., a small but growing product assembler, has been able to profitably ride the ups and downs of several economic cycles, largely due to its low level of long-term assets. The firm relies more heavily on labor than its competitors and contracts for needed facilities only on a short-term lease basis. Working capital is largely provided through short-term loans. Although Redimaker’s variable costs are much higher than its competitors’ variable costs, its income is much less volatile. All of the above factors are consistent with Redimaker having a lower level of financial and operating