You Have the Following Information on Zip's Diner, Inc

question 40

Multiple Choice

You have the following information on Zip's Diner, Inc.: sales to working capital = 8 times, profit margin = 5 percent, net income available to common stockholders = $20 million, and current liabilities = $4 million. What is the firm's balance of current assets?

• A) $4.125m
• B) $6.5m
• C) $46m
• D) $54m

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Definitions:

Muscle Types

Vertebrates have three types of muscle tissue: skeletal (voluntary movement), cardiac (heart pumping), and smooth (involuntary actions like digestion).

Gland

An organ in the human or animal body that secretes particular chemical substances for use in the body or for discharge into the surroundings.

Duct

A tube, channel, or conduit through which fluids, air, or other substances are transported from one area to another.

Interstitial Fluid

The liquid found in the spaces between cells, providing means of delivering nutrients and removing waste.