The Nelson Company has $1,375,000 in current assests and $550,000 in current liabilities. Its initial inventory level is $380,000, and it will raise funds as additional notes payable and use them to increase inventory.

How much can Nelson's short-term debt increase wothout pushing its current ratio below 2.0? Do not round intermediate calculations.

what will be the firm's quick ratio after Nelson has raised the maxium amount of short term funds?