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Original text - English - a math question

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Category Business / Jobs

Title
a math question
Text to be translated
Submitted by gilgaladtr
Source language: English

The owners of a bakery need to borrow money to purchase a new oven. The bakery
has current assets of $52,000 and current liabilities of $15,000. How much can they
borrow if they want their current ratio of assets to liabilities to be no less than
2.6? (Note: The funds they receive are considered as current assets and the loan as
a current liability.)
8 October 2007 09:11