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he Smith company has $2,392,500 in current assets and $1,076,625 in current liabilities. Its initial...

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Finance

he Smith company has $2,392,500 in current assets and $1,076,625 in current liabilities. Its initial inventory level is $526,350 and it will raise funds as additional notes payable (short- term) and use them to increase inventory. How much can its short-term debt (notes payable) increase so that the company can maintain a current ratio of 2.0?

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