E13-9 (Static) Analyzing the Impact of Selected Transactions on the Current Ratio LO 13-6 Assume current assets totaled $120,000 and the current ratio was 1.5 before the following independent transactions: 1. Purchased merchandise for $40,000 on short-term credit. 2. Purchased a delivery truck for $25,000. Paid $3,000 cash and signed a two-year interest-bearing note for the balance. Required: Compute the current ratio after each independent transaction. Note: Round your answers to 2 decimal places