Question: Check My Work E eBook Problem Walk-Through Current and Quick Ratios The Nelson Company has 51,444,500 in current assets and $535,000 in current liabilities. Its
Check My Work E eBook Problem Walk-Through Current and Quick Ratios The Nelson Company has 51,444,500 in current assets and $535,000 in current liabilities. Its initial invertory level is $360,000, and it will raise funds at additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payablo) Increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar $ what will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate cateulation. Hound your answer to two decimal places de Beedback incorrect Check My Work Oto
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