Aylward, Inc. currently has $2,145,000 in current assets and $858,000 in current liabilities. The company's managers want
Question:
Aylward, Inc. currently has $2,145,000 in current assets and $858,000 in current liabilities. The company's managers want to increase the firm's inventory, which will be financed by a short-term note with the bank. What level of inventories can the firm carry without its current ratio falling below 2.0?
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Given data Aylwardstarget current ratio is 20 Let x ...View the full answer
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Related Book For 
Foundations Of Finance
ISBN: 9780134083285
9th Edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
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