What is the firm balance of current assets

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Reference no: EM131591186

Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 11 times, profit margin = 25.1%, net income available to common stockholders = $3.1 million, and current liabilities = $1.1 million. What is the firm's balance of current assets?

$1.171m

$5.482m

$1.123m

$2.223m

Reference no: EM131591186

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