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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 fullline sporting goods retailer. Assume one of the Good Sports stores reported current assets of $ and its current ratio was and then completed the following transactions: paid $ on accounts payable, purchased a delivery truck for $ cash, wrote off a bad account receivable for $ and paid previously declared dividends in the amount of $
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 decimal places.
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