8. Problem 3-09 (Current and Quick Ratios) Problem Walk-Through eBook Current and Quick Ratios The Nelson Company has $1,414,000 in current assets and $505,000 in current Habilitles, 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 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? Do not round intermediate calculations. Round your answer to two decimal places