E13-14 (Algo) Analyzing the Impact of Selected Transactions on the Current Ratio [LO 13.4, LO 13-5] A company has current assets that total $225,000, has a current ratio of 1.50 , and uses the perpetual inventory method. Assume that the following transactions are then completed: (1) sold $14,000 in merchandise on short-term credit for $19,000, (2) declated but did not pay dividends of $39,000, (3) paid prepaid rent in the amount of $10,800, (4) paid previously declared dividends in the amount of $39,000, ( 5 ) collected an account recelvable in the amount of $11,000, and (6) reclassified $30,000 of long-term debt as a current liablity. Required: Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table (Round your onswers to 2 decimal ploces.)