Washington Company has current assets, current liabilities, and long-term liabilities of $6,000, $2,000, and $5,000, respectively at the end of 2017. How much cash can Washington use to acquire equipment and retain a current ratio of at least 3.0?

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The Answer of Washington Company has current assets, current liabilities, and long-term liabilities of $6,000, $2,000, and $5,000, respectively at the end of 2017. How much cash can Washington use to acquire equipment and retain a current ratio of at least 3.0?

Washington Company Has Current Assets, Current Liabilities, and Long-Term Liabilities