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Aylward Inc. currently has $2,136,000 in current assets and $857,000 in current liabilities. The company's managers want to increase the firm's inventory, which will be
Aylward Inc. currently has $2,136,000 in current assets and $857,000 in current liabilities. The company's managers want to increase the firm's inventory, which will be financed by a short-term note with the bank. What level of inventories can the firm carry without its current ratio falling below 2.2? I know the formula but I must be missing something on the math because my answer of 250,600 is incorrect. Please help and show me the math. Thank you
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