Asset management and profitability ratios-portfolio beta

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1. Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 15 times, profit margin = 26.5%, net income available to common stockholders = $4.5 million, and current liabilities = $1.5 million. What is the firm's balance of current assets?

$1.132m

$1.58m

$2.632m

$7.16m

2. Portfolio Beta You own $1,000 of City Steel stock that has a beta of 1.51. You also own $5,100 of Rent-N-Co (beta = 1.81) and $4,100 of Lincoln Corporation (beta = .91). What is the beta of your portfolio (closest to)?

1.42

1.00

2.49

4.23

Reference no: EM131464147

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