City Sales Corporation began the month of August with \(\$ 420,000\) of current assets, a current ratio of 2.5 to 1 , and an acid-test ratio of 1.5 to 1 . During the month, it completed the following transactions:

Aug. 3 Bought \(\$ 60,000\) of merchandise on account. (The company uses a perpetual inventory system.)

6 Sold for \(\$ 70,000\) merchandise that cost \(\$ 38,000\).

9 Collected a \(\$ 20,000\) account receivable.

12 Paid a \(\$ 25,000\) account payable.

17 Wrote off an \(\$ 8,500\) bad debt against the Allowance for Doubtful Accounts account.

21 Declared a \(\$ 1\) per share cash dividend on the 20,000 shares of outstanding common stock.

25 Paid the dividend declared on August 21.

27 Borrowed \(\$ 80,000\) by giving the bank a 60 -day, \(12 \%\) note.

29 Borrowed \(\$ 90,000\) by signing a long-term secured note.

31 Used the \(\$ 170,000\) proceeds of the notes to buy additional machinery.

\section*{Required}

Prepare a schedule showing the company's current ratio, acid-test ratio, and working capital after each of the foregoing transactions. Round to two decimal places.