Question: A. Current ratio= (current assets/ current liabilities) We will assume the additional total amount of short-term notes payable be X. It will also increase the

A. Current ratio= (current assets/ current liabilities) We will assume the additional total amount of short-term notes payable be X. It will also increase the inventory by X. (1,348,500+X)/(465,000+X)= 2.2 1,348,500+X= 1,023,000+2.2X. X= 465,000. The total increase in short-term notes payable will be 5,40,000.

Round your answer to the nearest dollar.

540,000?

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