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PLEASE SHOW WORK 5. (6 points) Eason, Inc. has $450,000 in current assets, and $150,000 in current liabilities. The firm would like to acquire some
PLEASE SHOW WORK
5. (6 points) Eason, Inc. has $450,000 in current assets, and $150,000 in current liabilities. The firm would like to acquire some additional inventory in advance of the Christmas shopping rush. However, to purchase this additional inventory, the firm will need to raise funds through short-term loans (notes payable). Further, the firm wishes to maintain a current ratio of at least 2.5. What is the maximum amount of additional inventory that the firm can acquire under these circumstancesStep by Step Solution
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