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( Liquidity analysis ) The Mitchem Marble Company has a target current ratio of 2 . 1 but has experienced some difficulties financing its expanding

(Liquidity analysis) The Mitchem Marble Company has a target current ratio of 2.1 but has
experienced some difficulties financing its expanding sales in the past few months.
At present, the firm has a current ratio of 2.7 and current assets of $2.15 million. If Mitchem
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 additional amount of receivables and inventories (short-term debt) is $ million.
(Round to two decimal places.)
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