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Find how much can nelson short-term debt increase

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Problem 1: The Nelson Company has $1,362,500 in current assets and $545,000 in current liabilities. Its initial inventory level is $385,000, 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 1.8? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132986311

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