Multiple Choice
Buffalo Company has current assets, current liabilities, and long-term liabilities of $10,500, $3,000, and $4,000, respectively at the end of 2017. How much cash can Buffalo use to acquire equipment and retain a current ratio of at least 2.0?
A) $1,000
B) $4,500
C) $4,000
D) $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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