Solved: What will be the firms quick ratio, Finance Basics

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What will be the firms quick ratio

Problem: Company A has $1,312,500 in current assets and $525,000 in current liabilities. The company's initial inventory level is $375,000, and it will issue notes payable and use the proceeds to INCREASE INVENTORY!!

Q1. How much can Company A's short-term debt (notes payable) increase without pushing its current ratio below 2.0?

Q2. What will be the firm's quick ratio after Company A has raised the maximum amount of short-term funds?

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Finance Basics: What will be the firms quick ratio

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