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15.Need assistance to solve the following: 15. Assume current assets totaled $44,000 and the current ratio was 1.2 before the following transactions: (1) Purchased merchandise

15.Need assistance to solve the following: image text in transcribed
15. Assume current assets totaled $44,000 and the current ratio was 1.2 before the following transactions: (1) Purchased merchandise for $10,000 on short-term credit (2) Purchased a delivery truck for $23,000. 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.) Ratio Check my work

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