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11. Problem 4.19 Click here to read the eBook: Liquidity Ratios CURRENT RATIO The Stewart Company has $1,506,000 in current assets and $632,520 in current

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11. Problem 4.19 Click here to read the eBook: Liquidity Ratios CURRENT RATIO The Stewart Company has $1,506,000 in current assets and $632,520 in current liabilities. Its initial inventory level is $346,380, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent

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