2 Assume current assets totaled $120,000 and the current ratio was 15 before the following independent transactions: 3 po ( Purchased merchandise for $40,000 on short-term credit (2) Purchased a delivery truck for $25,000. Paid $3,000 cash and signed a two-year Interest-bearing note for the balance Required: Compute the current ratio after each Independent transaction (Round your answers to 2 decimal places.) Transaction Current Ratio (1) (2) 1.46