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Waterfront Inc. wishes to borrow on a short-term basis without reducing its current ratio below 1.25. At present its current assets and current liablities are

Waterfront Inc. wishes to borrow on a short-term basis without reducing its current ratio below 1.25. At present its current assets and current liablities are $1,600 and $1,000 respectively. How much can Waterfront Inc. borrow?

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