Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 11 times, profit margin = 25.1%, net income available to common stockholders = $3.1 million, and current liabilities = $1.1 million. What is the firm's balance of current assets?
$1.171m
$5.482m
$1.123m
$2.223m