Sheffield's Furniture has $1,262,000 in current assets and $490,000 in current liabilities. Its initial inventory level is $515,000, 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. $292.308 b. $165,217 O c. $103,846 O d. $135,000 Qe. $58,696 QUESTION 9 The Venetian Corporation recently reported net income of $3,000,000. It has 1,500,000 shares of common stock, which currently trades at $60 a share. Venetian continues to expand and expects that 1 year from now its net income will be $5,250,000. Over the next year it also anticipates issuing an additional 450,000 shares of stock, so that 1 year from now it will have 1,950,000 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. $44.57 O b. $80.77 O c $105.00 O d. $46.15 O e. $60.00