Baker Corp. is required by a debt agreement to maintain a current ratio of at least 3 , and Baker's current ratio now is 5 . Baker wants to purchase additional inventory for its upcoming Christmas season, and will pay for the inventory with short-term debt. How much inventory can Baker purchase without violating its debt agreement if their total current assets equal $15 million? Hint: the additional inventory amount will increase both the amount of the current asset and the amount of the current liability as well, since it will be purchased with the short term debt. (this question is worth three points) Select an answer and submit, For keyboard navigation, use the up/down arrow keys to select an answer. a $3.00 million b $3.50 million c $4.00 million d $4.50 million e $5.00 million Unanswered