N Check My Work 4. eBook Problem Walk Through 5. Current and Quick Ratios 6 The Nelson Company has $1,287,500 in current assets and $515,000 in current liabilities. Its initial inventory level is $375,000, 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 7. its current ratio below 2.2? Do not round intermediate calculations. Round your answer to the nearest dollar. S 1, 125 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. " Hide Feedback Incorrect Check My Work