In its most recent annual report, Appalachian Beverages reported current assets of $59,400 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $6,300 on account and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two- year promissory note for the balance. 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.) Current Ratio Transaction (1) Transaction (2)