Current and Quick Ratios

The Nelson Company has $$1,187,500$ in current assets and $$475,000$ in current liabilities. Its initial inventory level is $$345,000,$ 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 $1\mathrm{.}8?$ Do not round intermediate calculations. Round your answer to the nearest dollar.

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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.