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The current ratio (assets/liabilities) of company X is 3. Given that the current assets are $210000, find the current liabilities: Current liabilities = (do not
The current ratio (assets/liabilities) of company X is 3. Given that the current assets are $210000, find the current liabilities:
Current liabilities = (do not include the dollar sign)
The board of directors determines that the current ratio must never be below 2.6. What is the maximum amount that the company can borrow?
(do not include the dollar sign)
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