Mathematics, 26.12.2021 14:00 Gladistshiala267

Date: Pages of * The current ratio of a business is the ratio of its current assets to its current labilities. After consulting with the comptroller, the president of Ace sports equipment company decides to take out a short-term loan to build up inventory. The company has current assets of $350,000 and current labilities of $ 80,000. How much can the company borrow if the current ratio is to be no less than 2.5?

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Date: Pages of * The current ratio of a business is the ratio of its current assets to its current l...