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You have the following information on Els Putters, Inc.: sales to working capital is 4.2 times, profit margin is 30 percent, net income available to
You have the following information on Els Putters, Inc.: sales to working capital is 4.2 times, profit margin is 30 percent, net income available to common stockholders is $6.30 million, and current liabilities are $5.6 million. What is the firms balance of current assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)
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