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21. Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 16 times, profit margin

21. Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 16 times, profit margin = 26.6%, net income available to common stockholders = $4.6 million, and current liabilities = $1.6 million. What is the firm's balance of current assets?

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