E13-11 Analyzing the Impact of Selected Transactions on the Current Ratio LO 13-4, 13-5 In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $6,000 on account and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two-year promissory note for the balance. Required: Compute the updated current ratio, rounded to two decimal places, after each transaction