Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 11 Aug 2017 My Price 4.00

Nelson Company

The Nelson Company Nelson Company has $1,690,000 in current assets and $650,000 in current liabilities. Its initial inventory level is $325,000, and it will raise funds as additional notes payable and use them to increase inventory. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

1. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.1? Round your answer to the nearest cent.

2. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.

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Maurice Tutor
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Status NEW Posted 11 Aug 2017 01:08 PM My Price 4.00

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