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Spinnaker's bank line went from -0- to $3,141K by fiscal year end 1/31/85. At that point, how much additional funds could they borrow under the
Spinnaker's bank line went from -0- to $3,141K by fiscal year end 1/31/85. At that point, how much additional funds could they borrow under the existing terms of their bank line assuming no change in accounts receivable: Group of answer choices None of these are correct -0- since they are already using 80% of their receivables 20% of their remaining capacity under their line An additional 785K based on Accounts Receivable of 3,926K 10% based upon the bank's agreed-upon over-advance
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