Question: 19. Problem 4.19 (Current Ratio) eBook - Problem Walk-Through The Stewart Company has $872,500 in current assets and $357,725 in current liabilities. Its initial inventory
19. Problem 4.19 (Current Ratio) eBook - Problem Walk-Through The Stewart Company has $872,500 in current assets and $357,725 in current liabilities. Its initial inventory level is $261,750, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term dedt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest dollar $
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