$($Liquidity analysis$)$ The Mitchem Marble Company has a target current ratio of $2\mathrm{.}2$ but

has experienced some difficulties financing its expanding sales in the past few months.

At present, the firm has a current ratio of $2\mathrm{.}7$ and current assets of $$2\mathrm{.}33$ 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?