The Stewart Company has $822,000 in current assets and $320,580 in current liabilities. Its initial inventory level
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The Stewart Company has $822,000 in current assets and $320,580 in current liabilities. Its initial inventory level is $189,060, 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. $
Related Book For
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
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