Colter Steel has $5,150,000 in assets.
Temporary current assets.
Permanent current assets
Fixed assets
Total assets
$ 2,300,000
1,565,000
1,285,000
$ 5,150,000
Short-term rates are 7 percent. Long-term rates are 12 percent. Earnings before interest and taxes are $1,090,000. Th
percent.
If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-te
what will earnings after taxes be?