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A companys current assets of $2,145,000 and current liabilities of $858,000. The company wants to increase its inventory, and to finance that increase with a
A companys current assets of $2,145,000 and current liabilities of $858,000. The company wants to increase its inventory, and to finance that increase with a short-term note. What is the companys current ratio before the increase? By how much can the company increase investors without its current ratio falling below 2.0x? Show step by step how to solve including what formulas to use on excel
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