The stewart company has 911500 in current assets and 355485, Ask an Expert

Finance

The Stewart Company has $911,500 in current assets and $355,485 in current liabilities. Its initial inventory level is $191,415, 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92834104

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