Homework Answers
| Current assets | $ 11.43 million | |||
| Working: | ||||
| Sales | = | Net Income | / | Profit Margin |
| = | $ 5.00 | / | 20% | |
| = | $ 25.00 million | |||
| Working capital | = | Sales | / | Sales to working capital |
| = | $ 25.00 | / | 4.6 | |
| = | $ 5.43 | |||
| Current assets | = | Working Capital | + | Current Liabilities |
| = | $ 5.43 | + | $ 6 | |
| = | $ 11.43 million | |||
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