Find solutions for your homework
Find solutions for your homework
businessfinancefinance questions and answersswampy ox real estate (sore) has been growing at a constant 6 percent rate for many years, and it expects to continue this growth long into the future. on january 1 of this year, which is the slow part of its selling season, sore's total assets were $480 million. at the height of its selling season, which is at the end of june, sore expects total assets to
Question: Swampy Ox Real Estate (SORE) Has Been Growing At A Constant 6 Percent Rate For Many Years, And It Expects To Continue This Growth Long Into The Future. On January 1 Of This Year, Which Is The Slow Part Of Its Selling Season, SORE's Total Assets Were $480 Million. At The Height Of Its Selling Season, Which Is At The End Of June, SORE Expects Total Assets To
Swampy Ox Real Estate (SORE) has been growing at a constant 6 percent rate for many years, and it expects to continue this growth long into the future. On January 1 of this year, which is the slow part of its selling season, SORE's total assets were $480 million. At the height of its selling season, which is at the end of June, SORE expects total assets to be $550 million. How much of the $550 million in assets represents permanent assets, and how much represents temporary current assets? Round your answer to the nearest dollar.
Permanent assets: $
Temporary current assets: $