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Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 14 times, profit margin =
Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 14 times, profit margin = 25.4%, net income available to common stockholders = $3.4 million, and current liabilities = $1.4 million. What is the firm's balance of current assets? A.)$1.462 m B.)$0.956 m C.)$6.912 m D.)$2.356 m
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