Multiple Choice
Valley Company has cash, current liabilities, and long-term liabilities of $120,000, $30,000, and $31,000, respectively. Valley has no current assets other than cash. How much cash can Valley use to acquire equipment so that amount of current assets is double the amount of current liabilities?
A) $30,000
B) $60,000
C) $15,000
D) $90,000
Correct Answer:
Verified
Correct Answer:
Verified
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