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Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 13 times, profit margin =
Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 13 times, profit margin = 25.3%, net income available to common stockholders = $3.3 million, and current liabilities = $1.3 million. What is the firm's balance of current assets?
A. $1.003 m
B. $1.364 m
C. $2.303 m
D. $6.438 m
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