$\mathrm{}$$$The current ratio $($assets$/$liabilities$)$ of company X is $2\mathrm{.}9.$ Given that the current assets are $$261000,$ find the current liabilities: 

 

Current liabilities $=$

$($do not include the dollar sign$)$

The board of directors determines that the current ratio must never be below $2\mathrm{.}6.$ What is the maximum amount that the company can borrow?

Answer rating: 100% (QA)

To find the current liabilities of Company X we can use the formula for the current ratio Current Ra... View the full answer