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How much cash can buffalo use to acquire equipment

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Problem 1: Buffalo Company has current assets, current liabilities, and long-term liabilities of $10,500, $3,000, and $4,000, respectively at the end of 2017. How much cash can Buffalo use to acquire equipment and retain a current ratio of at least 2.0?

Option 1: $1,000

Option 2: $4,500

Option 3: $4,000

Option 4: $6,000

Reference no: EM132643954

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