8 10.00 points value: In its most recent annual report, Appalachian Beverages reported current assets of $44,200 and a current ratio of 1.70. Assume that the following transactions were completed: (1) purchased merchandise for $5,700 on account and (2) purchased a delivery truck for $10,000, paying $3,000 cash and signing a two-year promissory note for the balance. Required Compute the updated current ratio aftereach transaction, by showing the cumulative effects of the transactions in the following table. Round your answers to 2 decimal places.) Current Ratio Transaction (1) Transaction (2)