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Good Sports, Incorporated, is a private full - line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $ 8

Good Sports, Incorporated, is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $83,980 and its current ratio was 1.70, and then completed the following transactions: (1) paid $7,100 on accounts payable, (2) purchased a delivery truck for $15,000 cash, (3) wrote off a bad account receivable for $1,000, and (4) paid previously declared dividends in the amount of $20,000.
Required:
Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table.
Note: Round your answers to 2 decimal places.
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