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2 pts Question 16 Builtrite Funiture Company is required by its bank to maintain a current ratio of at least 1.75, and its current ratio
2 pts Question 16 Builtrite Funiture Company is required by its bank to maintain a current ratio of at least 1.75, and its current ratio now is 2.1. The firm plans to acquire additional inventory to meet an unexpected surge in the demand for its products and will pay for the inventory with short-term debt How much inventory can the firm purchase without violating its debt agreement if their total current assets equal $3,5 million? SO O $77,777 Next O $1 million Hide A o none of the answers provided. Stop sharing Screen
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