Current assets totaled $52,000 and the current ratio was 1.2. Assume that the following transactions were completed: (1) purchased merchandise for $15,000 on short-term credit and (2) purchased a delivery truck for $20,000, paid $5,000 cash, and signed a two-year interest-bearing note for the balance.

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