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.

Reference no: EM131538374

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