The Nelson Company has $1,183,000 in current assets and $455,000 in current liabilities. Its initial inventory level is $280,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelsons short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round immediate calculations. Round your answers to the nearest dollar.

What will be the firms quick ratio after Nelson has raised the maximum amount of the short-term funds? Do not round immediate calculations. Round your answers to two decimal places.