Question
(Evaluating liquidity) Aylward Inc. currently has $2,134,000 in current assets and $834,000 in current liabilities. The company's managers want to increase the firm's inventory, which
(Evaluating liquidity) Aylward Inc. currently has $2,134,000 in current assets and $834,000 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 ?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
