MINDTAP Q Search ork :: Week 2: Homework Assignment Score: 33.3 Save Submit Assignment for Gradir Problem 3-09 (Current and Quick Ratios) Question 4 of 7 Check My Work eBook Problem Walk-Through Current and Quick Ratios The Nelson Company has $1,575,000 in current assets and 5525,000 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 1.87 Do not round Intermediate calculations. Round your answer to the nearest dollar 5 What will be the firm's quick ratloster Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places, NO 3