Business
Business, 08.04.2020 01:03, hannahbanana2000

Sheffield's Furniture has $1,546,500 in current assets and $665,000 in current liabilities. Its initial inventory level is $480,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.1?

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Sheffield's Furniture has $1,546,500 in current assets and $665,000 in current liabilities. Its init...

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