Problem:
Uptown Men's Wear has current liabilities of $2,214, inventory of $5,580, cash of 4,650, fixed assets of $8400, and long-term debt of $4200.
Required:
Question: What is the value of the net working capital to total assets ratio?
A. 0.31
B. 0.43
C. 0.47
D. 0.51
E. 0.58
Note: Provide support for your rationale.