Question
Company has $1,444,500 in current assets and $535,000 in current liabilities. Its initial inventory level is $400,000, and it will raise funds as additional notes
Company has $1,444,500 in current assets and $535,000 in current liabilities. Its initial inventory level is $400,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can the company's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar. Company has $1,444,500 in current assets and $535,000 in current liabilities. Its initial inventory level is $400,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar.
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