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

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

The Nelson Company has $1,312,500 in current assets and $525,000in current liabilities. Its initial inventory level is $375,000,and it will raise funds as additional notes payable and use them toincrease inventory. How much can Nelson?s short-term debt (notespayable) increase without pushing its current ratio below 2.0? Whatwill be the firm?s quick ratio after Nelson has raised the maximumamount of short-term funds?

 

Abhinav 02-Dec-2019

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