Question
In: Finance
The Nelson Company has $1,040,000 in current assets and $400,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,040,000 in current assets and $400,000 in current liabilities. Its initial inventory level is $200,000, and it will raise funds as additional notes payable and use them to increase inventory.
- How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.4? Round your answer to the nearest cent.
- What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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The Nelson Company has $1,080,000 in current assets and $400,000
in current liabilities. Its initial inventory level is $280,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 2.5?
Round your answer to the nearest cent. $ What will be the firm's
quick ratio after Nelson has raised the maximum amount of
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The Nelson Company has $1,406,500 in current assets and $485,000 in current liabilities. Its initial inventory...
The Nelson Company has
$1,406,500 in current assets and $485,000 in current liabilities.
Its initial inventory level is $330,000, and it will raise funds as
additional notes payable and use them to increase inventory. How
much can Nelson's short-term debt (notes payable) increase without
pushing its current ratio below 2.0? Do not round intermediate
calculations. Round your answer to the nearest dollar.
$
What will be the
firm's quick ratio after Nelson has raised the maximum amount of
short-term funds?...
The Nelson Company has $1,667,500 in current assets and $575,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,667,500 in current assets and $575,000
in current liabilities. Its initial inventory level is $402,500,
and it will raise funds as additional notes payable and use them to
increase inventory.
How much can Nelson's short-term debt (notes payable) increase
without pushing its current ratio below 1.3? Round your answer to
the nearest cent.
$
What will be the firm's quick ratio after Nelson has raised the
maximum amount of short-term funds? Round your answer to two...
The Nelson Company has $1,391,000 in current assets and $535,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,391,000 in current assets and $535,000
in current liabilities. Its initial inventory level is $410,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 1.8? Do
not round intermediate calculations. Round your answer to the
nearest dollar.
$
What will be the firm's quick ratio after Nelson has raised the
maximum amount of short-term funds?...
The Nelson Company has $1,150,000 in current assets and $460,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,150,000 in current assets and $460,000
in current liabilities. Its initial inventory level is $300,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 2.2? Do
not round intermediate calculations. Round your answer to the
nearest dollar.
$
What will be the firm's quick ratio after Nelson has raised the
maximum amount of short-term funds?...
The Nelson Company has $1,400,000 in current assets and $500,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,400,000 in current assets and $500,000
in current liabilities. Its initial inventory level is $400,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 1.4?
Round your answer to the nearest cent. What will be the firm's
quick ratio after Nelson has raised the maximum amount of
short-term funds? Round your answer to two decimal...
The Nelson Company has $1,275,000 in current assets and $510,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,275,000 in current assets and $510,000
in current liabilities. Its initial inventory level is $355,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 1.8? Do
not round intermediate calculations. Round your answer to the
nearest dollar.
$
What will be the firm's quick ratio after Nelson has raised the
maximum amount of short-term funds?...
The Nelson Company has $1,313,000 in current assets and $505,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,313,000 in current assets and $505,000
in current liabilities. Its initial inventory level is $335,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 2.2? Do
not round intermediate calculations. Round your answer to the
nearest dollar. $ What will be the firm's quick ratio after Nelson
has raised the maximum amount of short-term funds?...
The Nelson Company has $1,620,000 in current assets and $600,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,620,000 in current assets and $600,000
in current liabilities. Its initial inventory level is $480,000,
and it will raise funds as additional notes payable and use them to
increase inventory. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 1.7?
Round your answer to the nearest cent. $ What will be the firm's
quick ratio after Nelson has raised the maximum amount of
short-term funds? Round your answer to two...
The Nelson Company has $1,687,500 in current assets and $675,000 in current liabilities. Its initial inventory...
The Nelson Company has $1,687,500 in current assets and $675,000
in current liabilities. Its initial inventory level is $405,000,
and it will raise funds as additional notes payable and use them to
increase inventory.
How much can Nelson's short-term debt (notes payable) increase
without pushing its current ratio below 1.7? Round your answer to
the nearest cent.
$
What will be the firm's quick ratio after Nelson has raised the
maximum amount of short-term funds? Round your answer to two...
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