The Nelson Company has $$1,288,000$ in current assets and $$460,000$ in current liabilities. Its initial inventory level is $$310,000,$ 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 $1\mathrm{.}8?$ 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.