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The Nelson Company has $1,552,500 in current assets and $675,000 in current liabilities. Its initial inventory level is $472,500, and it will raise funds as

The Nelson Company has $1,552,500 in current assets and $675,000 in current liabilities. Its initial inventory level is $472,500, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.7?

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