Please answer both parts of the question, and provide detail The
Nelson Company has $1,495,000 in current assets and $650,000 in
current liabilities. Its initial inventory level is $455,000, and
it will raise funds as additional notes payable and use them to
increase inventory. 1. How much can Nelson's short-term debt (notes
payable) increase without pushing its current ratio below 1.4?
Round your answer to the nearest cent. 2. What will be the firm's
quick ratio after Nelson has raised...