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What will be the firm quick ratio after nelson has raised

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Reference no: EM132946633

Current and Quick Ratios

The Nelson Company has $1,566,000 in current assets and $540,000 in current liabilities. Its initial inventory level is $400,000, and it will raise funds as additional notes payable and use them to increase inventory.

Problem 1: How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio?

Problem 2: What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?

Reference no: EM132946633

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