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( Evaluating liquidity ) The Allen Marble Company has a target current ratio of 2 . 0 but has experienced some difficulties financing its expanding
Evaluating liquidity The Allen Marble Company has a target current ratio of but has experienced some difficulties financing its expanding sales in the past few months. At present, the firm has current assets of $ million and a current ratio of If Allen expands its receivables and inventories using its shortterm line of credit, how much additional shortterm funding can it borrow before its current ratio standard is reached?
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The addition to current assets is $
enter your response here. Round to the nearest dollar.
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