Question
The Stewart Company has $946,000 in current assets and $359,480 in current liabilities. Its initial inventory level is $255,420, and it will raise funds as
The Stewart Company has $946,000 in current assets and $359,480 in current liabilities. Its initial inventory level is $255,420, 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?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
