Current assets for Mayfair Corporation totaled $429,000 and the current ratio was 1.50. Assume that the following transactions were completed: (1) sold $11,500 in merchandise on short-term credit, (2) declared but did not pay dividends of $50,900, (3) paid prepaid rent in the amount of $12,800, (4) paid previously declared dividends in the amount of $50,900, (5) collected an account receivable in the amount of $11,500, and (6) reclassified $30,000 of long-term debt as a short-term liability.

Compute the cumulative current ratio after each transaction. (Round your answers to 2 decimal places. Assume a periodic inventory system is used.)

Transaction	Cumulative Current Ratio
(1)
(2)
(3)
(4)
(5)
(6)