What will be the firms quick ratio after Nelson has raised the maximum amount of short-term funds?

1 Show more Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.4 Return on assets (ROA) 4% Return on equity (ROE) 7% Calculate Haslams profit margin. Do not round intermediate calculations. Round your answer to two decimal places. % Calculate Haslams liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. % Suppose half of Haslams liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. % 2. Current and Quick Ratios The Nelson Company has $1140000 in current assets and $475000 in current liabilities. Its initial inventory level is $285000 and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelsons short-term debt (notes payable) increase without pushing its current ratio below 2.1? Round your answer to the nearest cent. $ What will be the firms quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places. Show less

QUICK QUOTE

Approximately 250 words