Trade-In Autos expects to grow at a constant 4 percent rate long into the future. Trade-In's...

 

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Trade-In Autos expects to grow at a constant 4 percent rate long into the future. Trade-In's balance sheet shows that total assets were $800,000 on January 1, which is the slowest part of the year in terms of sales, and $890,000 on September 30, which is the height of its selling season. How much of the $890,000 in total assets represents permanent assets and how much represents temporary assets? Trade-In Autos expects to grow at a constant 4 percent rate long into the future. Trade-In's balance sheet shows that total assets were $800,000 on January 1, which is the slowest part of the year in terms of sales, and $890,000 on September 30, which is the height of its selling season. How much of the $890,000 in total assets represents permanent assets and how much represents temporary assets?

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