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:

Degree of Control

Refers to the extent to which individuals can influence or manage conditions or situations in their environment.

Seriousness

The condition or quality of being of significant importance or gravity.

Appraisal

the act of evaluating or estimating the nature, quality, or significance of something, often involving judgment or assessment.

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.