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How much of million in assets represents permanent assets

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Reference no: EM132698807

Problem - Swampy Ox Real Estate (SORE) has been growing at a constant 5 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 $420 million. At the height of its selling season, which is at the end of June, SORE expects total assets to be $480 million. How much of the $480 million in assets represents permanent assets, and how much represents temporary current assets?

Reference no: EM132698807

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