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The RRR Company has a target current ratio of 1.8. Presently, the current ratio is 2.5 based on current assets of $6,000,000. If RRR expands
The RRR Company has a target current ratio of 1.8. Presently, the current ratio is 2.5 based on current assets of $6,000,000. If RRR expands its inventory using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.) $1,426,833 $933,333 $2,100,000 $2,211,300 $2,361,030 Question 7 (1 point) Use the information below to calculate the firm's return on common equity. (State your answer as a percentage with two decimal places.) Net profit margin - 13.82%; Debt ratio = 51.55%; Fixed asset turnover = 3.85; Total asset turnover = 1.70; Inventory turnover = 13.27. 34.74% 23.49% 48.49% 18.16%
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