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(Four-step sequence) A company with $2 million of low-cost current financing opportunities wishes to target a current ratio of 2.5. How much additional short-term financing

(Four-step sequence) A company with $2 million of low-cost current financing opportunities wishes to target a current ratio of 2.5. How much additional short-term financing should it raise if it's permanent current

asset balance is:

a. $10 million?

b. $8 million?

c. $5 million?

d. $2 million?

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