Colter Steel has $4,850,000 in assets. Temporary current assets $ 1,700,000 Permanent current assets 1,535,000 Fixed assets 1,615,000 Total assets $ 4,850,000 Short-term rates are 7 percent. Long-term rates are 12 percent. Earnings before interest and taxes are $1,030,000. The tax rate is 20 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?

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.