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ACME Company has 3,000,000 in current assets and 1,400,000 in current liabilities. The firm wants to raise dividends by issuing notes payable. How much can

ACME Company has 3,000,000 in current assets and 1,400,000 in current liabilities. The firm wants to raise dividends by issuing notes payable. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0 ? 132,000 125,500 100,000 121,453 115,830

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