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(Evaluating liquidity) The Allen Marble Company has a target current ratio of 2.5 but has experienced some difficulties financing its expanding sales in the past

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(Evaluating liquidity) The Allen Marble Company has a target current ratio of 2.5 but has experienced some difficulties financing its expanding sales in the past few months At present, the firm has current assets of $311million and a current ratio of 3.1. If Allen expands its receivables and inventories Ging its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached? The addition to current assets is $ (Round to the nearest dollar) (Evaluating liquidity) The Allen Marble Company has a target current ratio of 2.5 but has experienced some difficulties financing its expanding sales in the past few months At present, the firm has current assets of $311million and a current ratio of 3.1. If Allen expands its receivables and inventories Ging its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached? The addition to current assets is $ (Round to the nearest dollar)

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