Hansen's Auto Supply has $1,662,000 in current assets and $690,000 in current liabilities. Its initial inventory level is $350,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.3? O a. $75,000 O b. $211,538 O c. $119,565 O d. $32,609 O e. $57.692 4 QUESTION 9 The Bellagio Corporation recently reported net income of $3,000,000. It has 1,500,000 shares of common stock, which currently trades at $35 a share. Bellagio continues to expand and expects that 1 year from now its net income will be $4,500,000. Over the next year it also anticipates issuing an additional 300,000 shares of stock, so that 1 year from now it will have 1,800,000 shares of common stock. Assuming its price/earnings ratio remains at its current level, what will be its stock price 1 year from now? O a. $43.75 O b. $28.00 O c. $29.17 d. $52.50 O e. $35.00