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Chopper Inc. currently has $ 6,435,281 in current assets and $ 2,681,367 in current liability. The company wants to buy a piece of new equipment,
Chopper Inc. currently has $ 6,435,281 in current assets and $ 2,681,367 in current liability. The company wants to buy a piece of new equipment, which will be financed by a short-term loan from the bank. How much short-term loan the company can borrow without its current ratio falling below 1.5
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