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The Stewart Company has $1,635,000 in current assets and $604,950 in current liabilities. Its initial inventory level is $343,350, and it will raise funds
The Stewart Company has $1,635,000 in current assets and $604,950 in current liabilities. Its initial inventory level is $343,350, 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 2.0? Round your answer to the nearest dollar. $ N
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
