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Current assets for Clarke Inc totalled $1,228,540, the current ratio was 1.90 , and the company uses the periodic inventory method. Assume that the following

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Current assets for Clarke Inc totalled $1,228,540, the current ratio was 1.90 , and the company uses the periodic inventory method. Assume that the following transactions were completed (1) Sold $32,330 in merchandise on account (2) Declared but did not pay dividends of $41,700 (3) Paid rent in advance in the amount of $24,700 (4) Paid previously declared dividends in the amount of $41,700 (5) Collected a accounts recelvable in the amount of $31,500. (6) Reclassified $73,400 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 onswers to 2 decimal places.)

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