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(Evaluating liquidify) The Allen Marbia Company has a targot current ratio of 2.5 but has experienced some difficulties financing its expanding sales in the past
(Evaluating liquidify) The Allen Marbia Company has a targot current ratio of 2.5 but has experienced some difficulties financing its expanding sales in the past few months. At present the fim has current assets of 53.1 million and a current ratio of 3.1. If Allen expands its receivabies and inventories using its short-term line of credt, how much additional shor torm funding can it borrow before its current ratio standard is reached? The addition to current assets is 5 (Round to the nearest dolar.)
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