Question
Firm XXX has $4.5 million in current assets and 3.7 million in current liabilities. The firm wants to increase its inventory, which will be financed
Firm XXX has $4.5 million in current assets and 3.7 million in current liabilities. The firm wants to increase its inventory, which will be financed by issuing a 3-year bond. What level of inventories can the firm carry without its current ratio falling below 1.5?
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The Only Ethereum Investing Book You Ll Ever Need
Authors: Freeman Publications
1st Edition
1915404045, 978-1915404046
