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Winfrey Diet Food Corp. has $5,700,000 in assets. Temporary current assets $ 3,400,000 Permanent current assets 1,620,000 Fixed assets 680,000 Total assets $ 5,700,000 Short-term

Winfrey Diet Food Corp. has $5,700,000 in assets. Temporary current assets $ 3,400,000 Permanent current assets 1,620,000 Fixed assets 680,000 Total assets $ 5,700,000 Short-term rates are 12 percent. Long-term rates are 17 percent. Earnings before interest and taxes are $1,200,000. The tax rate is 40 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be? (Omit the "$" sign in your response.) Earnings after taxes $

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