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How much can nelson short-term debt

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The Nelson Company has $1,456,000 in current assets and $520,000 in current liabilities. Its initial inventory level is $360,000, 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?

Reference no: EM132439141

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