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Crane Inc. (CI) has a short-term working capital loan to help finance its working capital. The terms of the loan enable CI to borrow an

Crane Inc. (CI) has a short-term working capital loan to help finance its working capital. The terms of the loan enable CI to borrow an amount of up to 35% of its inventory balance and 55% of its accounts receivable. One of the loan covenants requires that CI maintain a current ratio greater than 2. Information related to CIs current assets and current liabilities is shown in the following table: In thousands 2024 2023 Cash $162 $225 Accounts receivable 2,052 1,220 Inventory 1,362 2,300 Other current assets 335 391 Accounts payable 1,392 1,342 Short-term bank loan 560 278 Other current liabilities 56 112.Based on the loan size requirement only of the loan covenant, how much more could CI have borrowed in each year? (Round amounts in thousand to 1 decimal place, e.g. 18.4.)

2024

2023

Additional borrowing (in thousands)

$enter a dollar

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