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Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.:...

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Finance

Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 11 times, profit margin = 26.1%, net income available to common stockholders = $4.1 million, and current liabilities = $1.1 million. What is the firm's balance of current assets?

A). $5.315 m

B). $2.528 m

C). $1.197 m

D). $1.428 m

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