E12-7 Analyzing the Impact of Selected Transactions on the Current Ratio LO12-8 Current assets for JC Inc. tataled $34,440, and the current ratio was 1.64 . Assume that the following transactions were completed: (1) Purchased merchandise for $6,500 on short term credit. (2) Purchased a delwery truck for $15,000-paid $4,125 cash and signed a two-year interest-bearing nate for the balance. Required: 1. Determine whihout computations if the current ratio will increase, decrease, or remain unchanged after each transaction. 2. Compute the current ratio after each transaction. (Hound the final answers to 2 decimal places.)