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The RRR Company has a target current ratio of 2. Presently, the current ratio is 2.7 based on current assets of $3,888,000. If RRR expands
The RRR Company has a target current ratio of 2. Presently, the current ratio is 2.7 based on current assets of $3,888,000. If RRR expands its fixed assets 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.) $1,133,294 $1,008,000 $717,192 $1.061,424 0 $504,000
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