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On December 31, 2020, Ivanhoe Company has $7,042,000 of short-term debt in the form of notes payable to Gotham State Bank due in 2021. On
On December 31, 2020, Ivanhoe Company has $7,042,000 of short-term debt in the form of notes payable to Gotham State Bank due in 2021. On December 28, 2020, Ivanhoe enters into a refinancing agreement with Gotham that will permit it to borrow up to 66% of the gross amount of its accounts receivable. Receivables are expected to range between a low of $6,048,000 in May to a high of $8,043,000 in October during the year 2021. The interest cost of
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