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Business, 15.02.2020 01:49 fermaluis8015

The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2

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The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial...
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