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How much can nelsons short-term debt increase

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Reference no: EM132471983

Problem : The Nelson Company has $1,275,000 in current assets and $510,000 in current liabilities. Its initial inventory level is $335,000, 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 2.2? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132471983

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