Asset Management and Profitability Ratios You have the following information on Zip's Diner, Inc.: sales to working capital = 8 times, profit margin = 5%, net income available to common stockholders = $20 million, and current liabilities = $4 million. What is the firm's balance of current assets?
A) $4.125 m
B) $6.5 m
C) $46 m
D) $54 m

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The Answer of Asset Management and Profitability Ratios You have the following information on Zip's Diner, Inc.: sales to working capital = 8 times, profit margin = 5%, net income available to common stockholders = $20 million, and current liabilities = $4 million. What is the firm's balance of current assets?
A) $4.125 m
B) $6.5 m
C) $46 m
D) $54 m

Asset Management and Profitability Ratios You Have the Following Information