Current assets and Current liabilities of Company $2,325,000 and $956,000 respectively. Company is going to increase the inventory by taking short-term note. The current ratio should not exceed 2. What is the maximum amount of inventory that can be increased? a. $413,000 b. $206,500 с. $826,000 d. $478,000

Current assets and Current liabilities of Company $2,325,000 and $956,000 respectively. Company is going to increase the inventory by taking short-term note. The current ratio should not exceed 2. What is the maximum amount of inventory that can be increased? a. $413,000 b. $206,500 с. $826,000 d. $478,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sub : FinancePls answer very fast.I ll upvote CORRECT ANSWER . Thank You ( dnt use CHATGPT)
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Subject: accounting
1
Current assets and Current liabilities of Company $2,325,000 and $956,000 respectively. Company is going to increase the inventory by taking short-term note. The current ratio should not exceed 2. What is the maximum amount of inventory that can be increased?
Sub : FinancePls answer very fast.I ll upvote CORRECT ANSWER . Thank You ( dnt use CHATGPT)
Sub : FinancePls answer very fast.I ll upvote CORRECT ANSWER . Thank You ( dnt use CHATGPT)