Assume current assets totaled $58,000 and the current ratio was 1.2 before the following transactions: (1) Purchased merchandise for $7,000 on short-term credit. (2) Purchased a delivery truck for $24,000. paid $6,000 cash and signed a two-year interest-bearing note for the balance. Required: Compute the current ratio after each transaction. (Round your final answers to 2 decimal places.)

transaction 1

current ratio:

transaction 2

current ratio: