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A Twilight Jewelries Inc, a gold and precious metal corporation specializes in the exploration and manufacturing of yes for The company currently has $0,500,000
A Twilight Jewelries Inc, a gold and precious metal corporation specializes in the exploration and manufacturing of yes for The company currently has $0,500,000 in Total Assets Of that amount, Capital Assets are worth $5,500,000 and $4,000,000 Current assets remain at that level for 7 months. They drop to $2,100,000 for 5 months. The following additional m Eamings Before Interest and Taxes (EBIT) are $1,100,000. >The tax rate is 40 percent. t 70 percent of any long-term financing needed is sourced through long-term debt while the remaining 30 cent is sourced in the form of shareholders' equity. > Interest rates on short-term debt are 8 percent. Interest rates on long-term debt are 12 percent. (Note, this is the interest rate on the long-term debt part of long-term financing, Assume no interest rate costs on the equity part of long-term financing.) Required: Provide the following break-down of the asset mix:T (a) temporary assets, (b) permanent assets and (c) capital assets provide the following break-down of the financing mix
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