Current and Quick Ratios

The Nelson Company has $1,080,000 in current assets and $400,000 in current liabilities. Its initial inventory level is $240,000, 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 2.4? Round your answer to the nearest cent.

$

What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.

When I multiplied 2.4X400,000= 960,000 then subtracted 1,080,000-960,000=120,000 the answer is still incorrect. Am I missing something?