Question
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 5.1 times,
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 5.1 times, profit margin is 30 percent, net income available to common stockholders is $9.00 million, and current liabilities are $6.5 million. |
| What is the firms balance of current assets? (Enter your answer in millions of dollars rounded to 2 decimal places.) |
| Current assets | $ m |
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Finance For Freelancers Financial Intelligence
Authors: Andrew Holmes
1st Edition
1408101165, 978-1408101162
