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The RRR Company has a target current ratio of 3.2. Presently, the current ratio is 4.4 based on current assets of $13,772,000. If RRR expands
The RRR Company has a target current ratio of 3.2. Presently, the current ratio is 4.4 based on current assets of $13,772,000. 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.)
Question 6 options:
$1,399,430 | |
$1,707,273 | |
$1,173,750 | |
$1,797,758 | |
$1,919,487 |
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