Business, 16.02.2021 01:00 samiller30

The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial inventory level is $345,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0

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The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial...