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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 $ and the current ratio was before the following independent transactions: Purchased merchandise for $ on shortterm credit Purchased a delivery truck for $ Paid $ cash and signed a twoyear interestbearing note for the balance.Required:Compute the current ratio after each independent transaction.Note: Round your answers to decimal places.
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