Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 15 times, profit margin = 26.5%, net income available to common stockholders = $4.5 million, and current liabilities = $1.5 million. What is the firm's balance of current assets?

$1.132m

$1.58m

$2.632m

$7.16m