Question: 4. Problem 4.19 (Current Ratio) eBook Problem Walk-Through The Stewart Company has $1,992,500 in current assets and $757,150 in current liabilities. Its initial inventory level

4. Problem 4.19 (Current Ratio) eBook Problem Walk-Through The Stewart Company

4. Problem 4.19 (Current Ratio) eBook Problem Walk-Through The Stewart Company has $1,992,500 in current assets and $757,150 in current liabilities. Its initial inventory level is $597,750, 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. $

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