Asset Management and Profitability Ratios 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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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 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

Asset Management and Profitability Ratios You Have the Following Information