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Finest Ingredients Corporation Has Current Assets of $180,000,total Assets of $210,000,current

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Finest Ingredients Corporation has current assets of $180,000,total assets of $210,000,current liabilities of $110,000,and total liabilities of $115,000.The company is trying to obtain a bank loan for $40,000 which would be financed over six months.The terms of the loan agreement specify that the company's current ratio cannot fall below 1.5.Calculate the current ratio before and after the loan.Do you think the loan will be granted?

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Definitions:

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The personal experience and awareness of one's own feelings.

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A facet of Robert Sternberg's Triarchic Theory of Intelligence that involves analytical problem-solving abilities, including the capacity to evaluate, analyze, and solve abstract problems.

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A state of tension that occurs when a person simultaneously holds two cognitions that are psychologically inconsistent or when a person’s belief is incongruent with his or her behavior.

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