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The RRR Company has a target current ratio of 2.2. Presently, the current ratio is 2.8 based on current assets of $6,720,000. If RRR expands
The RRR Company has a target current ratio of 2.2. Presently, the current ratio is 2.8 based on current assets of $6,720,000. 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.) $885,273 $654,545 $1,200,000 $1,263,600 $1,349,160 U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 22%. The firm financed 23% percent of its assets using equity. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.) 104.96% 28.57% 58.36% 95.65% 25.64%
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