4. Given that a company has the following assets: account receivable of $4.5 million inventories...
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4. Given that a company has the following assets: account receivable of $4.5 million inventories of $14.5 million, and short-term securities of small-cap stocks in NASDA of $0.25 million. What is the upper amount of bank loans the company can apply for? (A) $9.20 million; (B) $9.325 million; (C) $19.25 million; (D) $4.785 million; (E) $9.575 million. 4. Given that a company has the following assets: account receivable of $4.5 million inventories of $14.5 million, and short-term securities of small-cap stocks in NASDA of $0.25 million. What is the upper amount of bank loans the company can apply for? (A) $9.20 million; (B) $9.325 million; (C) $19.25 million; (D) $4.785 million; (E) $9.575 million
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