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How much can nelson short-term debt or notes payable

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Reference no: EM132510458

The Nelson Company has $1,566,000 in current assets and $540,000 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.

Question 1: How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132510458

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