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The RRR Company has a target current ratio of 3. Presently, the current ratio is 4.2 based on current assets of $12,978,000. If RRR expands
The RRR Company has a target current ratio of 3. Presently, the current ratio is 4.2 based on current assets of $12,978,000. 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.) $1,236,000 $1,854,000 $1,497,414 $1,952,262 $2,084,452
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