$(1$ point$)$ The current ratio $($assets$/$liabilities$)$ of company X is $3\mathrm{.}4.$ Given that the current assets are $$306000,$ find the current liabilities:

Current liabilities $=$

$($do not include the dollar sign$)$

The board of directors determines that the current ratio must never be below $2\mathrm{.}6.$ What is the maximum amount that the company can borrow?

$($do not include the dollar sign$)$

$($If you get stuck, refer to Example $3$ on page $56$ of the textbook.$)$