The owner of a floral shop wants to take out a loan to purchase a new delivery truck.The company has current assets of $121,600 and current liabilities of $28,000.How much can he borrow if he wants his current ratio of assets to liabilities to be no less than 2.8? (Note: The funds they receive are considered as current assets and the loan as a current liability.)

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The Answer of The owner of a floral shop wants to take out a loan to purchase a new delivery truck.The company has current assets of $121,600 and current liabilities of $28,000.How much can he borrow if he wants his current ratio of assets to liabilities to be no less than 2.8? (Note: The funds they receive are considered as current assets and the loan as a current liability.)

The Owner of a Floral Shop Wants to Take Out