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Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 17 times, profit margin =

Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 17 times, profit margin = 26.7%, net income available to common stockholders = $4.7 million, and current liabilities = $1.7 million. What is the firm's balance of current assets?

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