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

Assume current assets totaled $50,000 and the current ratio was 1.2 before the following independent transactions:1. Purchased merchandise for $14,000 on short-term credit.2. Purchased a delivery truck for $13,000. Paid $5,000 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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