The Stewart Company has $822,000 in current assets and $320,580 in current liabilities. Its initial inventory level is $189,060, 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. $

Answer rating: 100% (QA)

To maintain a current ratio of at least 20 we need to ensure that current assets are at least twice ... View the full answer