ACR Corp. has

$1,312,500

in current assets and

$525,000

in current liabilities. Its initial inven-\ tory level is

$375,000

, and it will raise funds from additional notes payable and use them to\ increase inventory. How much can it increase its short-term debt (notes payable) without\ pushing its current ratio below 2.0?

ACR Corp. has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds from additional notes payable and use them to increase inventory. How much can it increase its short-term debt (notes payable) without pushing its current ratio below 2.0