Current and Quick Ratios

The Nelson Company has $$1,162,500$ in current assets and $$465,000$ in

current liabilities. Its initial inventory level is $$335,000,$ 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.

$

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.