A company has current assets that total $324,000, has a current ratio of 1.80, and uses the perpetual inventory method. Assume that the following transactions are then completed: (1) sold $13,700 in merchandise on short-term credit for $18,406, (2) declared but did not pay dividends of $43,000. (3) paid prepaid rent in the amount of $10,800, (4) paid previously declared dividends in the amount of $43.000, (5) collected an account receivable in the amount of $11,300, and (6) reclassified $33,000 of long-term debt as a current liability 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 (1) Transaction (2) Transaction (3) Transaction (4) Transaction (5) Transaction (6)