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Solve the following problems completely. Round off final answers to two decimal places. 1. An advertising company decided to take out a short-term loan to

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Solve the following problems completely. Round off final answers to two decimal places. 1. An advertising company decided to take out a short-term loan to raise their funds. The company has current assets of $580,000 and current liabilities of $ 96,000. How much the company can borrow if the current ratio is to be no less than 3.2

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