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(Evaluating liquidity) The Dylan Company has a target current ratio of 2.4 but has experienced some difficulties financing its expanding sales in the past few
(Evaluating liquidity) The Dylan Company has a target current ratio of 2.4 but has experienced some difficulties financing its expanding sales in the past few months. At present, the company has current assets of $3.1 million and a current ratio of 3.1. If Dylan expands its receivables and inventories using 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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