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smortandsons
15.02.2020 •
Business
The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000, 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 2.2
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Ответ:
company can value of $190909.1
Explanation:
Given data:
current assets = $1,312,500
current liabilities = $525,000
initial inventory level is $380,000
current ratio = 2.2
current liabilities is calculated as![= \frac{Current/ Assets}{current/ ratio}](/tpl/images/0512/1362/a071c.png)
plugging all value in above relation
current liabilities![= \frac{1312500}{2.2}](/tpl/images/0512/1362/567db.png)
current liabilities = $ 596590.90
and we know current liabilities is $525,000. Thus company can value of $190909.1
Ответ:
April fool's day is where people can prank each other or just be annoying for a whole day.
Not my favorite day to be honest~
Explanation:
P.S: Sorry if I'm wrong I tried my best. Best wishes