8. Problem 3709 (Current and Quick Ratios) Current and Quick Ratios The Nelson Company has $1,560,000 in current assets and $520,000 in current liabilities. Its initial inventory level is $370,000, 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 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar. $ Il What will be the rm's quick ratio after Nelson has raised the maximum amount of shortsterm funds? Do not round intermediate calculations. Round your answer to two decimal places