Question

In your job as treasurer of Collingwood Corp., you have to arrange a line of credit for the firm. The following is taken from the company’s balance sheet.


The bank will provide credit up to the sum of 75 percent of the value of receivables, and 50 percent of the inventory value. What is the maximum credit limit that Collingwood canobtain?


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  • CreatedFebruary 25, 2015
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