How much must they contribute to acheive a current ratio

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Reference no: EM13258531

A firm has $660,000 in current assets and $310,000 in current liabilities. The firm has a loan agreement in which it promises to maintain a current ratio of 3.0 or more. If the owners of the company decide to contribute additional equity capital that will be invested in inventory, how much must they contribute to acheive a current ratio of 3.0?

a.) $90,000
b.) $93,000
c.) $345,000
d.) 270,000

Reference no: EM13258531

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