Asset management and profitability ratios

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Reference no: EM131628453

Asset Management and Profitability Ratios

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 firm’s balance of current assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)

Current assets $ m

Reference no: EM131628453

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