You Have the Following Information on Universe It Ts, Inc

question 77

Multiple Choice

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

• A) $1.075m
• B) $1.2m
• C) $2.2m
• D) $5m

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Definitions:

Oxygen Deprivation

A condition resulting from an insufficient supply of oxygen to the body that can cause severe health effects.

Stroke

A medical condition where the blood supply to part of the brain is interrupted or reduced, causing brain cells to die due to lack of oxygen.

Myocardial Infarction

Heart attack.

Angina Pectoris

A condition characterized by chest pain or discomfort due to coronary heart disease, where blood flow to the heart muscle is restricted.