Business, 28.01.2020 21:41 20LindleyN
The nelson company has $1,455,000 in current assets and $485,000 in current liabilities. its initial inventory level is $310,000, 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? do not round intermediate calculations. round your answer to the nearest dollar. $ what will be the firm's quick ratio after nelson has raised the maximum amount of short-term funds? do not round intermediate calculations. round your answer to two decimal places.
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The nelson company has $1,455,000 in current assets and $485,000 in current liabilities. its initial...
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