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Galaxy Corporation's Chief Financial Officer (CFO) has decided to take a closer look at the firm's short-term assets and liabilities. Galaxy's balance sheet follows: What
Galaxy Corporation's Chief Financial Officer (CFO) has decided to take a closer look at the firm's short-term assets and liabilities. Galaxy's balance sheet follows: What is Galaxy's current ratio? 0.67 times 1.67 times 4.17 times 0.24 times What is the value of Galaxy's net working capital? $3, 600,000 $2, 400,000 $6,000,000 $15,000,000 Assume that Galaxy decides to purchase additional warehouse space costing $270,000 using long-term debt capital. Given the condition of the company noted in the balance sheet, this activity should be expected to cause Galaxy's current ratio to _____
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