A company has current assets that total $561,000, has a current ratio of 1.70, and uses the perpetual inventory method. Assume that the following transactions are then completed: (1) sold $12,800 in merchandise on short-term credit for $16,600, (2) declared but did not pay dividends of $59,000, (3) paid prepaid rent in the amount of $10,800, (4) paid previously declared dividends in the amount of $59,000, (5) collected an account receivable in the amount of $12,800, and (6) reclassified $48,000 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