Universal Fabrication's growth has slowed during the past couple of decades such that it expects operations to remain the same for the rest of its life (i.e. g 0%) . Today, which is the end of the company's slow sales period , Universal's balance sheet shows total assets equal $2 million . In six months when it is at the height of its selling season , Universal's total assets are expected to be $ 2.2 million . 

How much of the $ 2.2 million in total assets represents permanent assets and how much represents temporary assets ?

Answer rating: 100% (QA)

Permanent assets are those that remain relatively constant throughout the business cycle reflecting ... View the full answer