Asset Management and Profitability RatiosYou have the following information on Universe It Ts, Inc.: sales to working capital = 16 times, profit margin = 25.6%, net income available to common stockholders = $3.6 million, and current liabilities = $1.6 million. What is the firm's balance of current assets?

Free Cash FlowIron Ore Corp. reported free cash flows for 2008 of $118 million and investment in operating capital of $181 million. Iron Ore listed $31 million in depreciation expense and $59 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

Determinants of Interest Rate for Individual SecuritiesYou are considering an investment in 30-year bonds issued by a corporation. The bonds have no special covenants.The Wall Street Journalreports that 1-year T-bills are currently earning 5.30 percent. Your broker has determined the following information about economic activity and the corporation bonds:

Real interest rate = 4.90%

Default risk premium = 4.05%

Liquidity risk premium = 1.15%

Maturity risk premium = 3.80%