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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 $84,490 and its current

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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 $84,490 and its current ratio was 1.70 , and then completed the following transactions. (1) paid $6,700 on accounts payable, (2) purchased a delivery truck for $14,000cash, (3) wrote off a bad account receivable for $1,300, and (4) paid previously declared dividends in the amount of $21,500 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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