Question
Use the information below for this assignment. Comfin Company has estimates on its level of current and total assets for the next two years: Year
Use the information below for this assignment. Comfin Company has estimates on its level of current and total assets for the next two years: Year 201X Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Total Assets $500, 000 $475, 000 $460, 000 $470, 000 $475, 000 $485, 000 $495, 000 $555, 000 $600, 000 $650, 000 $700, 000 $750, 000 Current Assets $250, 000 $220, 000 $199, 900 $204, 698 $204, 392 $208, 980 $213, 459 $262, 829 $307, 085 $351, 227 $395, 251 $439, 156 Year 201X + 1 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Total Assets $600, 000 $570, 000 $552, 000 $564, 000 $570, 000 $582, 000 $594, 000 $660, 000 $720, 000 $780, 000 $840, 000 $900, 000 Current Assets $350, 000 $350, 000 $352, 100 $359, 302 $365, 608 $373, 020 $380, 541 $397, 171 $412, 915 $428, 773 $444, 749 $460, 844 a. Estimate the levels of permanent and temporary current assets for Comfin over these months. Find the average amount for fixed assets, permanent current assets, and temporary current assets in the year 201X and year 201X + 1. b. What average amounts of short-term and long-term financing should Comfin have during each year if it wants to follow a maturity-matching financing strategy over time? c. What average amounts of short-term a
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