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lotusflwr lotusflwr
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The Globe Theatre Company is negotiating a line of credit with a large bank. The bank is willing to provide credit up to the minimum of 65% of the value of receivables or 70% of the inventory value. If the firm currently has receivables valued at $50 million and inventory valued at $60 million, what is the maximum credit limit available to this firm?
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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ggianolaggianola
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Just got PERFECT on my quiz
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