Airspot Motors, Inc. has $2,145,000 in current assets and $858,000 in current liabilities. The companys managers want
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Airspot Motors, Inc. has $2,145,000 in current assets and $858,000 in current liabilities. The company’s managers want to increase the firm’s inventory, which will be financed using short-term debt. How can the firm increase its inventory without its current ratio falling below 2.0 (assuming all other current assets and current liabilities remain constant)?
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Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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