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Problem 3-17 Asset Management and Profitability Ratios. You have the following information on Els' Putters, Inc.: sales to working capital is 5.2 times, profit margin

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Problem 3-17 Asset Management and Profitability Ratios. You have the following information on Els' Putters, Inc.: sales to working capital is 5.2 times, profit margin is 20 percent, net income available to common stockholders is $6.20 million, and current liabilities are $6.6 million. What is the firm's balance of current assets? (Enter your answer In millions of dollars rounded to 2 decimal places.) Moving Cash Flows What is the value in year 5 of a $1,500 cash flow made in year 8 when interest rates are 8.8 percent? Problem 4-12 Present Value Compute the present value of an $1,000 payment made in 10 years when the discount rate is 12 percent (Do not round Intermediate calculations and round your final answer to 2 decimal places.)

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