Floyd's corporation has $11,000 in current liabilities and $25,000 in current assets. Its initial inventory level is $7,000; and it will rise funds as additional notes payable and use them to increase inventory. How much can Floyd's short-term (notes payable) increase without pushing its current ratio below 1.6 For your answer, round to the nearest 0.01. Do not use the dollar ($) sign. DO NOT USE comma to separate thousands. If your result is $4,053.879 then enter 4053.88: If it is $4,000.00 then enter 4000.00 Your Answer:
____
