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for NEO The MM Company has a target current ratio of 2.0 but

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for NEO: The MM Company has a target current ratio of 2.0 but has experienced some difficulties financing its expanding sales in the past few months. Presently the firm has a current ratio of 2.5 and current assets of $2.5 million. If MM expands its receivables and inventories using its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached?
Submitted: 5 years ago.
Category: Homework
Expert:  Neo replied 5 years ago.

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