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Business, 03.08.2021 18:50 addietreed2969

Colter Steel has $5,550,000 in assets. Temporary current assets $ 3,100,000 Permanent current assets 1,605,000 Fixed assets 845,000 Total assets $ 5,550,000 Short-term rates are 9 percent. Long-term rates are 14 percent. Earnings before interest and taxes are $1,170,000. The tax rate is 40 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be?

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Colter Steel has $5,550,000 in assets. Temporary current assets $ 3,100,000 Permanent current assets...
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