The nelson company has 2100000 in current assets and 700000, Ask an Expert

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The Nelson Company has $2,100,000 in current assets and $700,000 in current liabilities. Its initial inventory level is $350,000, 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 2.0?

What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92668144

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