Finance question help?

A corp. has 1,312,500 in current assets and 525,000 in current liabilities. It's initial inventory is 375,000 and it will raise funds through additonal notes payable and use them to increase inventory. How much the co. short term debt (notes payabl) increase without pushing its current ratio below 2.0? What will the firms quick ratio be after th company has raised the maximum amount of short term funds. Please show me how you compute this? I don't know how to write it out.

current ratio = current assets / current liabilities

current assets (1,312,500.) / (2) = 656,250.

656,250. - 525,000. = 131,250. in additional notes payable

current ratio = (1,312,500,) / (656,250.) = 2

131,250. in additional notes payable (answer)

I cannot calculate the quick ratio, because I don't have enough information.
I would need the quick assets which are: cash, marketable securities, and receivables

If you have these figures, total them and divide by the current liabilities. This would give you the quick ratio.

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