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The CEO informs you that EasyBank is willing to extend a $2,100 line of credit to Anycorp for the upcoming year. Base on this information,
The CEO informs you that EasyBank is willing to extend a $2,100 line of credit to Anycorp for the upcoming year. Base on this information, what do you recommend to the CEO? A. The bank line of $2,100 is too much money to borrow. B. The $2,100 bank line will meet Anycorp's EFR and support their growth. OC. The company will need more than the proposed $2,100 bank line and needs to slow its growth in order to not "grow broke". D. In order to determine the adequacy of the $2,100 line, we will need to create a porforma and calculate EFR for the upcoming year. No decision can be made at this time. Reset Selection Mark for Review What's This
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