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How much additional credit can the company avail

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Reference no: EM132928177

Problem 1: If a company's Current Assets figure is $12,000 and Current Liabilities are $4,000, how much additional credit can the company avail without bringing its Current Ratio below 2?

a. $8000
b. $2000
c. $1000
d. $4000

Reference no: EM132928177

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