Assume current assets totaled $52,000 and the current ratio was 1.2 before the following independent transactions:

1. Purchased merchandise for $7,000 on short-term credit
2. Purchased a delivery truck for $28,000. Piad $2,000 cash and signed a two-year interest-bearing note for the balance.

What is the current ratio after each independent transaction (round answer to 2 decimal places)

Transaction 1) ?

Transaction 2) ?