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sa oday at App APPS Question Completion Status: QUESTION 2 The Speirs Company has $1,750,000 in current assets and $700,000 in current liabilities. Its initial inventory level is $500,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Speirs's short-term debt (notes payable) increase inventory without violating a current ratio of 2.25 to 1? What will be the firm's quick ratio after Speirs has raised the maximum short-term funds? Round this value to two decimal places. Do not include s signs or commas. Short-Term Debt Increase New Current Assets New Current Liabilities New Inventory New Quick Ratio QUESTION 2 Click Save and Submit to save and submit. Click Save All Answers to save all answers