CourseLover

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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

funds in the short-term debt market

Mukhopadhya Network Associates has a current ratio of 1.60, where the current ratio is defined as follows: Current ratio = Current assets/Current liabilities. The firm's current assets are equal to $1,233,265, its accounts payables are $419,357, and its notes payables are $351,663. Its inventory is currently at $721,599. The company plans to raise funds in the short-term debt market and invest the entire amount in additional inventory. How much can notes payable increase without the current ratio falling below 1.48?(Do not round intermediate calculations. Round final answer to the nearest whole dollar, e.g. 5,275.)

 

Notes payable can increase by$

Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 03:12 PM My Price 10.00

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