Assume current assets totaled $44,000 and the current ratio was 1.2 before the following independent transactions:

(1) Purchased merchandise for $10,000 on short-term credit.

(2) Purchased a delivery truck for $19,000. paid $6,000 cash and signed a two-year interest-bearing note for the balance.

Required:

Compute the current ratio after each transaction. (Round your final answers to 2 decimal places.)

Transaction Current Ratio