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...

70.2K

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 2.12.1? 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

Psychology
1.2K views

Describe three different treatment options for depression. Name the characteristics of each of the three types...

Psychology
1.2K views

Stage IV of Psychosocial Development, inside of Eric Erickson’s “Childhood in Society,” is slightly related to...

Geometry
1.2K views

Determine the parametric equations of a line passing through the point P(3,2,-1) and with a...

Calculus
1.2K views

Convert thefollowing equationinrectangular form topolar form.A. r sin 0 = 2B. r cos 0 =...

Calculus
1.2K views

Open the picture named Number Line 1 and recreate the number line going from 3...

Algebra
1.2K views

7 B 9 1 Write each expression in exponential form 7 5n 8 A 2n...

Accounting
1.2K views

Assume that no reversing entries are made by the entity. How would the entity record...

Accounting
1.2K views

Score: Wo 5 pls E12-29A (similar to) Question Help the NPV method to determine whether...

Accounting
1.2K views

The pretax financial statement income for Wolpin Industries was $32million the year ended december 31,...

Accounting
1.2K views

Monty Co. follows the practice of valuing its inventory at the lower-of-cost-or-market. The following information...

Accounting
1.2K views

Print Item 17 gal. of corn syrup 75 lbs, of salt ...

Accounting
1.2K views

thumbs up for help Assume that projected revenue for 2018 is 1,192,098....