3.

Assume current assets totaled $59,000 and the current ratio was 1.2 before the following independent transactions: 1. Purchased merchandise for $6,000 on short-term credit. 2. Purchased a delivery truck for $23,000. Paid $6,000 cash and signed a two-year interest-bearing note for the balance Required: Compute the current ratio after each independent transaction. Note: Round your answers to 2 decimal places. Answer is complete but not entirely correct. Assume current assets totaled $59,000 and the current ratio was 1.2 before the following independent transactions: 1. Purchased merchandise for $6,000 on short-term credit. 2. Purchased a delivery truck for $23,000. Paid $6,000 cash and signed a two-year interest-bearing note for the balance Required: Compute the current ratio after each independent transaction. Note: Round your answers to 2 decimal places. Answer is complete but not entirely correct