Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.:...
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Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 11 times, profit margin = 26.1%, net income available to common stockholders = $4.1 million, and current liabilities = $1.1 million. What is the firm's balance of current assets?
A). $5.315 m
B). $2.528 m
C). $1.197 m
D). $1.428 m
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