The petry company has 1134500 in current assets and 453800, Ask an Expert

Management Studies

The Petry Company has $1,134,500 in current assets and $453,800 in current liabilities. Its initial inventory level is $294,970, 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 cent.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91676182

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