Question: Current Attempt in Progress Blossom Network Associates has a current ratio of 1 . 6 0 , where the current ratio is defined as follows:

Current Attempt in Progress
Blossom Network Associates has a current ratio of 1.60, where the current ratio is defined as follows: Current ratio = Current assets/Current liabilities. The firm's current arsets are equal to $1233,000, its zcounts payable are $419,000, and its notes payable are $351,620. Its inventory is currently at $721,000. The company plans to raise funds in the short-term debt market and invest the entire amount in additional inventory. How much can notes payable increase without the current ratio falling below 1.50?
 Current Attempt in Progress Blossom Network Associates has a current ratio

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