6 Return to question E13-13 Analyzing the Impact of Selected Transactions on the Current Ratio (LO 13-4, LO 13-5) Good Sports, Inc., is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $92,340 and its current ratio was 180, and then completed the following transactions: (1) paid $5,000 on accounts payable. (2) purchased a delivery truck for $15,000 cosh, (3) wrote off a bad account receivable for $3,000, and (4) paid previously declared dividends in the amount of $30.000 Required: Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Current Ratio 1.88 1.56 Transaction (1) Transaction (2) Transaction (3) Transaction (4) 1.56 2 293