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The Mitchem Marble Company has a target current ratio of 2 . 1 but has experienced some difficulties financing its growth in sales over the

The Mitchem Marble Company has a target current ratio of 2.1 but has experienced some difficulties financing its growth in sales over the past 12 months. At present, the firm has a current ratio of 2.6 and current assets of $2.47 million. If Mitchem expands its receivables and inventories using its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached?

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