Current assets for JC Inc. totalled $58,322, and the current ratio was 2.42. Assume that the following transactions were completed:

(1)	Purchased merchandise for $4,400 on short-term credit.
(2)	Purchased a delivery truck for $30,000paid $4,845 cash and signed a two-year interest-bearing note for the balance.

Required:

Compute the current ratio after each transaction. (Round the final answers to 2 decimal places.)

Current assets for JC Inc. totalled $58,322, and the current ratio was 2.42. Assume that the following transactions were completed: (1) Purchased merchandise for $4,400 on short-term credit. (2) Purchased a delivery truck for $30,000-paid $4,845 cash and signed a two-year interest-bearing note for the balance. Required Compute the current ratio after each transaction. (Round the final answers to 2 decimal places.) Current ratio Transaction (1) Transaction (2)