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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 4.1 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 4.1 times, profit margin is 20 percent, net income ckholders is $4.00 million, and current liabilities are $5.5 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 $ 10.07 million
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