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Question 14 (4 points) The RRR Company has a target current ratio of 3.1. Presently, the current ratio is 4.1 based on current assets of
Question 14 (4 points) The RRR Company has a target current ratio of 3.1. Presently, the current ratio is 4.1 based on current assets of $12,382,000. If RRR expands its inventory using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.) $1,514,314 $974,194 $1,170,424 $1,438,095 $1,616,850 Question 15 (4 points) U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 13%. The firm financed 45% percent of its assets using equity. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.) 25.97% 23.64% 28.89% 31.70% 21.21%
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