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You have the following information on Universe It Ts, Inc.: sales to working capital = 10 times, profit margin = 25 19 percent, net income

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You have the following information on Universe It Ts, Inc.: sales to working capital = 10 times, profit margin = 25 19 percent, net income available to common stockholders = $3 million, and current liabilities = $1 million. What is the firm's balance of current assets? $ 1.075m $1.2m $2.2m $5m

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