### How much can its short-term debt increase without pushing

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Question: The Stewart Company has \$999,500 in current assets and \$409,795 in current liabilities. Its initial inventory level is \$269,865, 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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