Redfern Company has current assets of $150,000 and current liabilities of $60,000.How much inventory could it purchase on account and achieve its minimum desired current ratio of 2 to 1?
A)$10,000
B)$20,000
C)$30,000
D)$40,000

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The Answer of Redfern Company has current assets of $150,000 and current liabilities of $60,000.How much inventory could it purchase on account and achieve its minimum desired current ratio of 2 to 1?
A)$10,000
B)$20,000
C)$30,000
D)$40,000

Redfern Company Has Current Assets of $150,000 and Current Liabilities