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15. Assume current assets totaled $46,000 and the current ratio was 1.2 before the following transactions (1) Purchased merchandise for $9,000 on short-term credit 2)

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15. Assume current assets totaled $46,000 and the current ratio was 1.2 before the following transactions (1) Purchased merchandise for $9,000 on short-term credit 2) Purchased a delivery truck for $15,000. paid $3,000 cash and signed a two-year interest-bearing note for the balance. Required Compute the current ratio after each transaction. (Round your final answers to 2 decimal places.) Transaction Current Ratio

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