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Good Sports, Inc., is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $89,075 and its current

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Good Sports, Inc., is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $89,075 and its current ratio was 1.75, and then completed the following transactions: (1) paid $5,400 on accounts payable, (2) purchased a delivery truck for $13,000 cash, (3) wrote off a bad account receivable for $2,600, and (4) paid previously declared dividends in the amount of $28,000. Required: Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table (Round your answers to 2 decimal places.)

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