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Assume current assets totaled $ 1 2 0 , 0 0 0 and the current ratio was 1 . 5 before the following independent transactions:

Assume current assets totaled $120,000 and the current ratio was 1.5 before the following independent transactions:
Purchased merchandise for $40,000 on short-term credit.
Purchased a delivery truck for $25,000. Paid $3,000 cash and signed a two-year interest-bearing note for the balance.
Required:
Compute the current ratio after each independent transaction.
Note: Round your answers to 2 decimal places.
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