Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. aylward inc. currently has $2,175,000 in current a

Aylward Inc. currently has $2,175,000 in current assets and $839,000 in current liabilities. The company's...

60.1K

Verified Solution

Question

Accounting

Aylward Inc. currently has $2,175,000 in current assets and $839,000 in current liabilities. The company's managers want to increase the firm's inventory, which will be financed by a short-term note with the bank. What level of inventories can the firm carry without its current ratio falling below 2.1? The cost of the additional inventory financed with the short-term note is? -----(Round to the nearest dollar.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Write "the set of all natural numbers N less than 6" in two different ways.What...

Statistics
1.2K views

PLEASE GIVE A VERY DETAILED ANSWER AS I HAVE TO WRITE A 2 PAGE PAPER!!! Summarize the...

Physics
1.2K views

Q11 Agas is taken through an adiabatic process in which the volume changes from an...

Basic Math
1.2K views

Complete the explanation of why slant height is not defined for an oblique cone.In an...

Basic Math
1.2K views

True or false If false, explain briefly.a) We choose the linear model that passes through...

Algebra
1.2K views

Graph the system of inequalities from the given problem and list the corner points of...

Accounting
1.2K views

Payroll. Canada. Ontario You are the Payroll Manager for a medium sized organization...

Accounting
1.2K views

a) Do you agree with a one size fits all approach to financial reporting, that...

Accounting
1.2K views

2) Set up a cash flow spreadsheet using the following parameters. Capital costs $2500/KW. 10%...

Accounting
1.2K views

sol purchased land as an investment on january 12, 2011 for $85000. On January 31,2017...

Finance
1.2K views

Rebox Co. is considering a new project which would start immediately and last four years....

Finance
1.2K views

Show me all the calculations in excel format , with correct methods You...