How much can its short-term debt notes payable increase


The Stewart Company has $1,910,000 in current assets and $744,900 in current liabilities. Its initial inventory level is $496,600, 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 2.0? Round your answer to the nearest cent.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: How much can its short-term debt notes payable increase
Reference No:- TGS02862256

Expected delivery within 24 Hours