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please help solve and explain steps thank you Problem 3-17 Asset Management and Profitability Ratios (LG3-2, LG3-4) You have the following information on Els' Putters,
please help solve and explain steps thank you
Problem 3-17 Asset Management and Profitability Ratios (LG3-2, LG3-4) You have the following information on Els' Putters, Inc.: sales to working capital is 5.3 times, profit margin is 25 percent, net income available to common stockholders is $8.00 million, and current liabilities are $6.7 million. What is the firm's balance of current assets? (Enter your answer in millions of dollars rounded to 2 decimal places.) Answer is complete but not entirely correct. Current assets 12,737,735.85 million Step by Step Solution
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