3. Problem 3-09 (Current and Quick Ratios) etlook Problem Walk Through Current and Quick Ratios The Melton Company has 31,400,000 in current assets and 535,000 in current liabilities. Its initial inventory level is $410,000, and it will raise furids at additional notes payable and use them to increase inventory. How much can Neon's short-term debt (notes payable increase without pushing its current ratio below 2.0.1 Do not found Intermediate calculations Round your answer to the nearest dollar, $ What will be the firm's quick ratio alter Nelson has raised the maximum amount of short term funds? Do not round Intermediate calculation Round your answer to two decimal places