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How much can its short-term debt

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The hassan company has 1,160,000 in current assets and 410,000 in current liabilities. its initial inventory level is 240,000, 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 2.2?

Reference no: EM132059063

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