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The Nelson Compony has $1,350,000 in current assets and $540,000 in current liabilities. Its initial inventory level is $390,000, and it will-raise funds as addtional

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The Nelson Compony has $1,350,000 in current assets and $540,000 in current liabilities. Its initial inventory level is $390,000, and it will-raise funds as addtional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current rabo below 1.8 ? Do not round intermediate calculations. Round your answer to the nearest doliar. 5 What will be the firm's quick ratio after Neison has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places

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