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Perm v Temp Tickle the Ivories current has $4,200,000 in Total Assets. Of that amount, Capital Assets are worth $1,200,000 and current assets are worth

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Perm v Temp Tickle the Ivories current has $4,200,000 in Total Assets. Of that amount, Capital Assets are worth $1,200,000 and current assets are worth $3,000,000. Current assets remain at that level for 9 months. They drop to $2,000,000 for 3 months. The following additional information has been provided. Earnings Before Interest and Taxes (EBIT) are $996,000 . The tax rate is 40 percent. Any long-term financing is split evenly (50:50) between long-term debt and equilty Short-term interest rates are 4% Long-term interest rates are 6%. a. Provide the following break-down of the asset mix for 9 months for 3 months Temporary current assets Permanent current assets Capital assets Total Assets a. Provide the following break-down of the asset mix: for 9 months for 3 months Temporary current assets Permanent current assets Capital assets Total Assets b. Assuming the firm is perfectly hedged, provide the following break-down of the financing mix: for 9 months for 3 months Short-term financing Long-term debt Shareholder's equity Total Liab and SHE c. Calculate expected EPS if the firm is perfectly hedged and has issued 160,000 shares to shareholders. (Round your answer to three decimal places. e.g. 1.234. Don't enter the $ symbol.) EPS

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