E12-7 Analyzing the Impact of Selected Transactions on the Current Ratio LO12-7 Current assets for JC Inc. totalled $41,148, and the current ratio was 1.62. Assume that the following transactions were completed: (1) Purchased merchandise for $5,100 on short-term credit. (2) Purchased a delivery truck for $26,500paid $3,660 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)