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The Nelson Company has $1,687,500 in current assets and $675,000in current liabilities. Its initial inventory level is $405,000,and it will raise funds as additional notes payable and use them toincrease inventory.How much can Nelson's short-term debt (notes payable) increasewithout pushing its current ratio below 1.7? Round your answer tothe nearest cent.$Â Â What will be the firm's quick ratio after Nelson has raised themaximum amount of short-term funds? Round your answer to twodecimal places.