Abc does not wish its current ratio to drop below 28 given, Financial Management

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Abc does not wish its current ratio to drop below 28 given

ABC has 847,000 in current assets and 162,000 in current liabliities. Currently, inventory is at 112,000 but ABC wishes to borrow additional funds, using short-term notes payable, and use that to purchase additional inventory. However, ABC does not wish its current ratio to drop below 2.8. Given that limitation, what is the maximum amount of additional inventory it can purchase?

Please show work and formula used.

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Financial Management: Abc does not wish its current ratio to drop below 28 given

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Financial Management: Abc does not wish its current ratio to drop below 28 given

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