$\mathrm{}$$$ The current ratio $($assets$/$liabilities$)$ of company X is $5\mathrm{.}2.$ Given that the current assets are $$93600,$ 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?

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

Answer rating: 100% (QA)

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