Problem Set 1 0 Back to Assignment Attempts Keep the Highest/2 3. Problem 3-09 (Current and Quick Ratios) eBook Problem Walk-Through Current and Quick Ratios The Nelson Company has $1,428,000 in current assets and $520,000 in current liabilities. Its initial Inventory level is $365,000, 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 2,0700 not round intermediate calculations, Round your answer to the nearest doltar. $ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term fundo Do not found intermediate calculations, Round your answer to two decimal places Grade It Now Save & Continue Continue without saving