Current assets for JC Inc. totalled $ 54,000, and the current ratio was 1.8. Assume that the

Question:

Current assets for JC Inc. totalled $ 54,000, and the current ratio was 1.8. Assume that the following transactions were completed:
(1) Purchased merchandise for $ 6,000 on short- term credit
(2) Purchased a delivery truck for $ 20,000—paid $ 4,000 cash and signed a two-year interest- bearing note for the balance.
Required:
Compute the current ratio after each transaction.