9 value 10.00 points The Sports Authority, Inc. is a private full-line sporting goods retailer. Assume one of the Sports Authority stores reported current assets of $83,980 and its current ratio was 1.70 and then completed the following transactions: (1) paid $7,100 on accounts payable, (2) purchased a delivery truck for $15,000 cash, (3) wrote off a bad account receivable for $1,000, and (4) paid previously declared dividends in the amount of $20,000. 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.) Current Ratio Transaction (2) Transaction (3) Transaction (4)