How much can its short-term debt notes payable increase, Financial Management

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How much can its short-term debt notes payable increase

The Stewart Company has $934, 500 in current assets and $364, 455 in current liabilities. Its initial inventory level is $242, 970, and it will raise funds, additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent. $

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Financial Management: How much can its short-term debt notes payable increase

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