Business

29 July, 02:20

The Stewart Company has $1,695,500 in current assets and $678,200 in current liabilities. Its initial inventory level is $423,875, and it will raise funds as 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.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “The Stewart Company has $1,695,500 in current assets and $678,200 in current liabilities. Its initial inventory level is $423,875, and it ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

At the end of the current year, Accounts Receivable has a balance of $590,000; Allowance for Doubtful Accounts has a debit balance of $5,500; and sales for the year total $2,660,000. Bad debt expense is estimated at 1/4 of 1% of sales. a.

Choose an idea, good, or service with which you are familiar and describe its marketing mix and how it resulted (or did not result) in a satisfying exchange for you. Clearly explain each element. 1. Describe the product. 2.

Assume most athletic apparel bought by u. S. Consumers is imported from other nations. If all else is constant, an increase in the price of foreign-made athletic apparel will cause the u. S.

If you just purchased a share of ibm through a new york stock exchange-based transaction, you participated in:

A business may explore the advantages of licensing, franchising, management contracts, and turnkey projects.

New Questions in Business

Since business strategies may change often, compensable factors should rarely be added or deleted. a. True b. False

Which program is not a cash-transfer program?

Parties more interested in managerial accounting data than in financial accounting data include

A researcher conducts a survey of people who use anxiety medications, recruited through an advertisement in the local paper. the researcher promises confidentiality, but accidentally leaves a folder of signed consent forms at a cyber cafe.

Osborn Manufacturing uses a predetermined overhead rate of $19.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $256,080 of total manufacturing overhead for an estimated activity level of 13,200 direct