Current and Quick Ratios The Jazz Company has $1,380,000 in current assets and $460,000 in current liabilities. Its initial inventory level is $325,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar$ W

hat will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round calculations.