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I need help in Accounting Multiple choice question
A company has a bank over draft and agrees with its bank that its current ratio will not fall below 2 times.
Forecasts indicate that inventory will fluctuate between $60000 and $ 72000, and that trade payable will fluctuate between $12000 and $17000. The company has no trade receivables. What is the most the bank will lend by means of overdraft. A $13000. B $19000 c $24000 d $ 30000. I want answer with working for my understanding... |
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