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Assume current assets totaled $49,000 and the current ratio was 1.2 before the following independent transactions: Purchased merchandise for $11,000 on short-term credit. Purchased a

Assume current assets totaled $49,000 and the current ratio was 1.2 before the following independent transactions: Purchased merchandise for $11,000 on short-term credit. Purchased a delivery truck for $16,000. Paid $2,000 cash and signed a two-year interest-bearing note for the balance. Compute the current ratio after each independent transaction. Note: Round your answers to 2 decimal places.

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