Current and Quick Ratios

The Nelson Company has $$1,431,000$ in current assets and $$530,000$ in current liabilities. Its initial inventory level is $$365,000,$ 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 $2\mathrm{.}0?$ 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.