Current assets for Clarke Inc. totalled $1,013,615, the current ratio was 1.85, and the company uses the periodic inventory method. Assume that the following transactions were completed:

(1) Sold $27,395 in merchandise on account. (2) Declared but did not pay dividends of $40,100. (3) Paid rent in advance in the amount of $24,300. (4) Paid previously declared dividends in the amount of $40,100. (5) Collected a accounts receivable in the amount of $23,500. (6) Reclassified $72,100 of long-term debt as a short-term liability.

Required:

Assume that Clarke's Inc. uses periodic inventory system, compute the current ratio after each transaction. (Round the final answers to 2 decimal places.)