Question
Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 10 times, profit margin =
Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 10 times, profit margin = 26%, net income available to common stockholders = $4 million, and current liabilities = $1 million. What is the firm's balance of current assets?
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
