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What will be the firms quick ratio after nelson has raised

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The Nelson Company has $1,560,000 in current assets and $650,000 in current liabilities. Its initial inventory level is $455,000, and it will raise funds as additional notes payable and use them to increase inventory.

Question 1: How much can Nelson's short-term debt increase without pushing its current ratio below 1.6?

Question 2: What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds?

Reference no: EM132490517

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