The management of Tyron Inc. is contemplating changing it inventory policy. Right

now, Tyron Inc. has $$28,000$ in current assets and $$23,000$ in current liabilities and

its initial inventory level is $$7,000.$ Tyron Inc. wants to rise funds as additional notes

payable and use them to increase inventory but whatever funds they raise and invest

them in inventory, they must make sure their new current ratio stay above $1\mathrm{.}17$ in

order to maintain their credit rating. Giving this, what is the maximum new level of

inventory for Tyron $($so that they do not go below a current ratio of $1\mathrm{.}17?$

For your answer, round to the nearest $0\mathrm{.}01.$ Do not use the dollar $($$$)$ sign. DO NOT

USE commas to separate thousands.

Your Answer:

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