Assume current assets totaled $55,000 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 $30,000. Paid $4,000 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. Transaction Current Ratio (1) (2)