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The Stewart Company has $770,000 in current assets and $308,000 in current liabilities. Its initial inventory level is $207,900, and it will raise funds
The Stewart Company has $770,000 in current assets and $308,000 in current liabilities. Its initial inventory level is $207,900, 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. $
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
