Airspot Motors, Inc. has $ 2 comma 246 comma 400$2,246,400 in current assets and $ 864 comma
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Question:
Airspot Motors, Inc. has
$ 2 comma 246 comma 400$2,246,400
in current assets and
$ 864 comma 000$864,000
in current liabilities. The company's managers want to increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below
2.12.1
(assuming all other current assets and current liabilities remain constant)?
Related Book For
Foundations of Finance
ISBN: 978-0134084015
9th edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
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