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Nbspits initial inventory level is 375000 and it will raise

The Petry Company 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 as additional notes payable and use them to increase inventory. How much can Petry's short-term debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm's quick ratio after Petry has raised the maximum amount of short-term funds?

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Finance Basics: Nbspits initial inventory level is 375000 and it will raise

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Finance Basics: Nbspits initial inventory level is 375000 and it will raise

Reference No:- TGS01480411

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