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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 Cl maintain a current ratio greater than 2. Information related to CI's current assets and current liabilities is shown in the following table:

In thousands

2024

2023

Cash

$161

$224

Accounts receivable

2,054

1,230

Inventory

1,342

2,306

Other current assets

338

395

Accounts payable

1,402

1,343

Short-term bank loan

562

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.)

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