Good Sports, Inc. is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $86,360 and its current ratio was 1.70, and then completed the following transactions: (1) paid $5,500 on accounts payable, (2) purchased a delivery truck for $12,500 cash. (3) wrote off a bad account receivable for $2,500, and (4) paid previously declared dividends in the amount of $28,000. Required: 4 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.) Answer is complete but not entirely correct. Current Ratio Transaction (1) 057 Transaction (2) 0.48 x Transaction (3) 0.48 Transaction (4) 0.37