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The Nelson Company has $1,000,000 in current assets and $250,000 in current liabilities. Its initial inventory level is $200,000, and it will raise funds as

The Nelson Company has $1,000,000 in current assets and $250,000 in current liabilities. Its initial inventory level is $200,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelsons short-term debt (notes payable) increase without pushing its current ratio below 1.5?

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