The petry company has 1312500 in current assets and 525000, Ask an Expert

Management Studies

The Petry Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory.

How much can Petry's shortterm debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm's quick ratio after Petry has raised the maximum amount of short-term funds?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92185720

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