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The Chris Mullens Company has $1,275,000 in current assets and $500,000 in current liabilities. Its initial inventory level is $400,000, and it will raise funds

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The Chris Mullens Company has $1,275,000 in current assets and $500,000 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 its short-term debt (notes payable) increase without pushing its current ratio below 2.4? $131,250 CA b.) $53,571 $42,129 1275,000 d. $75,000 ? e. None of the above. X = 2083333 531250 CL 2.4=

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