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Category > Accounting Posted 07 Jun 2017 My Price 3.00

Hindelang Corporation has $1,312,500 in current assets and $525,000 in current liabilities

Hindelang Corporation has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds through additional notes payable and use them to increase inventory. How much can Hindelang’s short-term debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm’s quick ratio after Hindelang has raised the maximum amount of short-term funds?

 

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Alpha Geek
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Status NEW Posted 07 Jun 2017 08:06 AM My Price 3.00

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file 1496825494-Answer.docx preview (107 words )
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