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The Nelson Company has $1,212,500 in current assets and $485,000 in current liabilities. Its initial...

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Finance

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The Nelson Company has $1,212,500 in current assets and $485,000 in current liabilities. Its initial inventory level is $320,000, and it will rase 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 beiow 2.27 Do not round intermediate calculations. Round your answer to the nearest dollar: What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? bo not round intermediate calculations. Round your answer to two decimal places

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