Business, 20.09.2019 02:00 alexanderjones9116

The speirs company has $1,750,000 in current assets and $700,000 in current liabilities. its initial inventory level is $500,000, and it will raise funds as additional notes payable and use them to increase inventory. how much can speirs's short-term debt (notes payable) increase inventory without violating a current ratio of 2.25 to 1? what will be the firm's quick ratio after speirs has raised the maximum short-term funds? round this value to two decimal places. do not include $ signs or commas.

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The speirs company has $1,750,000 in current assets and $700,000 in current liabilities. its initial...