simplytrixie simplytrixie
  • 18-02-2024
  • Business
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The Stewart Company has $1,565,500 in current assets and $688,820 in current liabilities. Its initial inventory level is $328,755, 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?

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