Illustrate what is the maximum additional short-term funding

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B. J. Industries has a current ratio of 2.5, with $2.5 million in current assets. Due to sales growth, it wants to expand accounts receivable and inventories by taking on additional short-term debt. If it wants to maintain a minimum current ratio of 2.0, what is the maximum additional short-term funding it can borrow?

Reference no: EM13125535

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