Business, 05.09.2019 21:30 2337911726

The nelson company has $1,875,000 in current assets and $625,000 in current liabilities. its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory.
(a) how much can nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.2?
(b) what will be the firm's quick ratio after nelson has raised the maximum amount of short-term funds?

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The nelson company has $1,875,000 in current assets and $625,000 in current liabilities. its initial...

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